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Venture capital firm Electric Capital has launched a new tool that attempts to provide detailed information about the complex crypto ecosystem.
Dubbed the Crypto Market Map, the tool categorizes projects into six technology tiers, from core infrastructure to end-user applications.
The map tracks more than 1,500 projects, providing a structured picture of the sector's framework.
The tool helps stakeholders navigate the growing complexity of the industry by helping users understand and make more informed decisions, the firm said.
According to Electric Capital, the six technology layers are core infrastructure, scale, interoperability, developer tools and services, protocols, and applications.
The Electric Capital Map is designed to be a community-driven tool that contributes to increasing its accuracy and generality.
The classifications are meant to help users better understand the roles and interrelationships of different companies and projects, Maria Shen, the firm's general partner, said in a post on X Wednesday.
These layers reflect the evolution of the crypto infrastructure as it matures, highlighting significant projects and contributions to the industry, the firm said in a separate statement.
The Electric Capital Note Map includes only major projects with significant industrial or cultural relevance, meeting criteria such as funding, developer activity and market impact.
In the year Since the first market map published by Electric Capital in 2019, the crypto landscape has seen significant changes.
This adds to DeFi development, which was locked at less than $500 million in total value (TVL) in 2019, reaching $85 billion, according to DeFi Lama data.
This category now includes 394 projects, which easily makes it the largest category in the map.
Non-perishable tokens (NFTs) have emerged as a dominant category, with significant growth in scaling and functionality projects.
The initiative is currently in beta, and Electric Capital is looking for community feedback to refine and expand the tool.
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