The growth in cryptocurrencies in 2021 has increased the popularity of many alternative smart contract platforms.
Some projects created to attract investors complaining of high transaction fees in Ethereum and to split the pie have experienced significant growth.
Projects such as Solana and Avax are at the forefront of these projects, which are called “Ethereum Killer” in the market.
A move has also come from Grayscale, which is the gateway for institutional investors to cryptocurrencies.
Grayscale has launched a new fund of cryptocurrencies called “Ethereum Killer”.
Investors investing in the fund will have direct exposure to alternative smart contract platforms to Ethereum.
Making a statement regarding the fund, Grayscale CEO Michael Sonnenshein said:
“Smart contract technology is critical to the growth of the digital economy, but it is too early to know which platform will win.
From attracting and retaining the most vibrant developer communities to ensuring the platform is high-speed, flexible and scalable, there are many criteria.
The beauty of GSCPxE is that investors don’t have to choose a winner and instead can access the evolution of the smart contract platform ecosystem through a single investment vehicle.”
Cryptocurrencies and their weights in the fund are as follows:
Cardano 24.6%
Wither 24.3%
Avalanche 17%
Polkadot 16.2%
Polygon 9.7%
Algorand 4.3%
Stellar 4.1%
*Not Investment Advice.