November 22, 2021, 4:44PM EST
• 29 min read
- New York City’s crypto/blockchain ecosystem has developed significantly over the past few years, seeing notable growth in DeFi and Gaming/NFT projects and companies.
- To engage in cryptocurrency activities a business must possess a BitLicense which is issued by the NYSDFS (New York State Department of Financial Services).
- The block has identified 20 verticals which includes 248 blockchain related companies and protocols.
- Given the sheer amount of growth and significance of New York’s blockchain ecosystem, The Block has updated our previous ecosystem map which contained 81 companies.