{"id":291215,"date":"2023-01-22T12:15:17","date_gmt":"2023-01-22T12:15:17","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=291215"},"modified":"2023-01-22T12:15:17","modified_gmt":"2023-01-22T12:15:17","slug":"asic-financing-debt-worsened-bitcoin-miners-liabilities-in-2022-report","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/asic-financing-debt-worsened-bitcoin-miners-liabilities-in-2022-report\/","title":{"rendered":"ASIC financing debt worsened Bitcoin miner\u2019s liabilities in 2022: Report"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Bitcoin miners faced difficulties paying off debt in 2022, particularly when they had high-interest equipment financing loans, according to a recent <a href=\"https:\/\/hashrateindex.com\/blog\/untenable-bitcoin-mining-debt-led-to-defaults-acquisition-in-2022\/\">report<\/a> by Hashrate Index.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The report stated.<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400;\">\u201cWe estimate that there is between $2-4 billion worth of ASIC financing debt on private and public miner balance sheets.\u201d <\/span><\/p><\/blockquote>\n<p>According to the <span style=\"font-weight: 400;\">analysis<\/span>, 6 ASIC financing deals were executed in 2020 worth $47.84 million, while 26 deals worth $662.25 million were completed in 2021.<\/p>\n<p><span style=\"font-weight: 400;\">A growing number of equipment financiers have entered the market since 2020, resulting in an average interest rate of 10.46% in 2022, down from 12.77% in 2020 and 12.82% in 2021. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Consequently, there were more deals in the first half of 2022 &#8211; 18 agreements totaling $641.80 million, of which 16 ($576.80 million) were made in the first half.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, market conditions deteriorated in the second half, resulting in a decrease in ASIC deals. Several miners defaulted on these loans as miners' revenue declined, and their payments were due in 2022. The study outlined:<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400;\">Our tally (of known defaults from public miners) puts the total default amount at $227.4 million on the low end and $238.4 million on the high end. <\/span><\/p><\/blockquote>\n<p><span style=\"font-weight: 400;\">Many of these loans were collateralized with the ASICs themselves, so in the event of default, many of these entities ended up with their financiers.\u00a0 <\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to data, BTC mining companies have <a href=\"https:\/\/cryptoslate.com\/public-btc-mining-companies-face-4b-in-liabilities-core-scientific-leads-the-pack\/\">$4 billion<\/a> in liabilities, with Core Scientific at the top.<\/span><\/p>\n<h2>A challenging year for the mining sector<\/h2>\n<p><span style=\"font-weight: 400;\">Defaults and bankruptcy shook the mining sector in 2022. In addition to the market condition, miners also had to deal with high electricity costs and <\/span><a href=\"https:\/\/cryptoslate.com\/bitcoin-mining-difficulty-to-end-year-rising-by-3\/\"><span style=\"font-weight: 400;\">record mining difficulty<\/span><\/a><span style=\"font-weight: 400;\">. Due to this, the miner's daily revenue <a href=\"https:\/\/cryptoslate.com\/bitcoin-miner-revenue-down-37-5-in-2022-yoy\/\">fell sharply<\/a> to $16.38 million on Dec. 31, 2022\u2013 down from $63.548 million on Nov. 10, 2021.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With the increased debt burden, some mining firms began to sell their assets. This includes <a href=\"https:\/\/hashrateindex.com\/blog\/quantifying-compute-norths-363-asset-sale-who-bought-what-and-how-much-money-was-raised\/\">Compute North's 363 asset sale<\/a>, which saw Compute North's data centers distributed among its creditors after it filed for bankruptcy. Further, Argo Blockchain <a href=\"https:\/\/cryptoslate.com\/argo-shares-soar-following-65m-sale-of-mining-facility-to-galaxy-digital\/\">sold its Helios mining facility<\/a> in Texas to Galaxy Digital for $65 million and obtained a $35 million loan.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, the current situation also presents a chance for those who can invest in assets or increase their margins by innovating. For instance,\u00a0 Germany-based Bitcoin miner Northern Data <a href=\"https:\/\/cryptoslate.com\/germany-based-bitcoin-miner-northern-data-forecasts-e190m-revenue-for-2022\/\">wants to capitalize<\/a> on the current market conditions.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin miners faced difficulties paying off debt in 2022, particularly when they had high-interest equipment financing loans, according to a recent report by Hashrate Index.\u00a0\u00a0 The report stated. \u201cWe estimate that there is between $2-4 billion worth of ASIC financing debt on private and public miner balance sheets.\u201d According to the analysis, 6 ASIC financing [&hellip;]<\/p>\n","protected":false},"author":1393,"featured_media":280157,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[77901,77873,2376],"tags":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ASIC financing debt worsened Bitcoin miner\u2019s liabilities in 2022: Report<\/title>\n<meta name=\"description\" content=\"2022 saw some miners struggle to pay the dues, resulting in more defaults, and distressed asset sales than ever before.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/asic-financing-debt-worsened-bitcoin-miners-liabilities-in-2022-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ASIC financing debt worsened Bitcoin miner\u2019s liabilities in 2022: Report\" \/>\n<meta property=\"og:description\" content=\"2022 saw some miners struggle to pay the dues, resulting in more defaults, and distressed asset sales than ever before.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/asic-financing-debt-worsened-bitcoin-miners-liabilities-in-2022-report\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-22T12:15:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/bitcoin-miner.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Soumen Datta\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Soumen Datta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/asic-financing-debt-worsened-bitcoin-miners-liabilities-in-2022-report\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/asic-financing-debt-worsened-bitcoin-miners-liabilities-in-2022-report\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/soumen-datta\/#person\",\"name\":\"Soumen Datta\",\"url\":\"https:\/\/cryptoslate.com\/author\/soumen-datta\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/soumen-datta\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/soumen-datta\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/10\/cs-soumen.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/10\/cs-soumen.jpg\",\"caption\":\"Soumen Datta\"},\"jobTitle\":\"Journalist\",\"description\":\"Soumen is a dedicated researcher and writer in the field of cryptocurrencies, DeFi, NFTs, and GameFi projects. Although this space is still in its infancy, t...\",\"worksFor\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"},\"sameAs\":[\"https:\/\/x.com\/ComposableD\",\"https:\/\/www.linkedin.com\/in\/soumen-datta-556471222\"]},\"headline\":\"ASIC financing debt worsened Bitcoin miner\u2019s liabilities in 2022: Report\",\"datePublished\":\"2023-01-22T12:15:17+00:00\",\"dateModified\":\"2023-01-22T12:15:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/asic-financing-debt-worsened-bitcoin-miners-liabilities-in-2022-report\/\"},\"wordCount\":368,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"},\"articleSection\":[\"Bankruptcy\",\"Bear Market\",\"Mining\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/cryptoslate.com\/asic-financing-debt-worsened-bitcoin-miners-liabilities-in-2022-report\/#respond\"]}],\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptoslate.com\/asic-financing-debt-worsened-bitcoin-miners-liabilities-in-2022-report\/\",\"url\":\"https:\/\/cryptoslate.com\/asic-financing-debt-worsened-bitcoin-miners-liabilities-in-2022-report\/\",\"name\":\"ASIC financing debt worsened Bitcoin miner\u2019s liabilities in 2022: Report\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/#website\"},\"datePublished\":\"2023-01-22T12:15:17+00:00\",\"dateModified\":\"2023-01-22T12:15:17+00:00\",\"description\":\"2022 saw some miners struggle to pay the dues, resulting in more defaults, and distressed asset sales than ever before.\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptoslate.com\/asic-financing-debt-worsened-bitcoin-miners-liabilities-in-2022-report\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptoslate.com\/asic-financing-debt-worsened-bitcoin-miners-liabilities-in-2022-report\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptoslate.com\/asic-financing-debt-worsened-bitcoin-miners-liabilities-in-2022-report\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptoslate.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"ASIC financing debt worsened Bitcoin miner\u2019s liabilities in 2022: Report\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptoslate.com\/#website\",\"url\":\"https:\/\/cryptoslate.com\/\",\"name\":\"CryptoSlate\",\"description\":\"Cryptocurrency News and Real-time Coin Data\",\"publisher\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"},\"inLanguage\":\"en-US\"},{\"@type\":\"NewsMediaOrganization\",\"@id\":\"https:\/\/cryptoslate.com\/#organization\",\"name\":\"CryptoSlate\",\"url\":\"https:\/\/cryptoslate.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg\",\"width\":1000,\"height\":1000,\"caption\":\"CryptoSlate\"},\"image\":{\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/twitter.com\/cryptoslate\",\"https:\/\/www.instagram.com\/cryptoslate\",\"https:\/\/www.linkedin.com\/company\/cryptoslate\",\"https:\/\/www.youtube.com\/c\/cryptoslate\",\"https:\/\/t.me\/cryptoslatenews\",\"https:\/\/www.crunchbase.com\/organization\/cryptoslate\",\"https:\/\/iq.wiki\/wiki\/cryptoslate\",\"https:\/\/news.google.com\/publications\/CAAqKggKIiRDQklTRlFnTWFoRUtEMk55ZVhCMGIzTnNZWFJsTG1OdmJTZ0FQAQ\",\"https:\/\/muckrack.com\/media-outlet\/cryptoslate\",\"https:\/\/www.tiktok.com\/@cryptoslatenews\"],\"publishingPrinciples\":\"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#editorial-principles\",\"ownershipFundingInfo\":\"https:\/\/cryptoslate.com\/disclaimers\/how-cryptoslate-makes-and-spends-money\/\",\"correctionsPolicy\":\"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#corrections-feedback\",\"ethicsPolicy\":\"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#editorial-principles\",\"foundingDate\":\"2017-08-04\",\"founder\":[{\"@type\":\"Person\",\"name\":\"Nate Whitehill\"},{\"@type\":\"Person\",\"name\":\"Matthew Blancarte\"}],\"contactPoint\":[{\"@type\":\"ContactPoint\",\"contactType\":\"customer support\",\"url\":\"https:\/\/cryptoslate.com\/contact\/\",\"availableLanguage\":\"en-US\"},{\"@type\":\"ContactPoint\",\"contactType\":\"sales\",\"url\":\"https:\/\/cryptoslate.com\/contact\/?topic=advertising#contact-form\",\"availableLanguage\":\"en-US\"},{\"@type\":\"ContactPoint\",\"contactType\":\"newsroom\",\"url\":\"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#corrections-feedback\",\"email\":\"tips@cryptoslate.com\",\"availableLanguage\":\"en-US\"}],\"masthead\":\"https:\/\/cryptoslate.com\/about\/#masthead\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/person\/2b1fd7a2a28e0f71f17a0f130c09fc83\",\"name\":\"Soumen Datta\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/10\/cs-soumen-150x150.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/10\/cs-soumen-150x150.jpg\",\"caption\":\"Soumen Datta\"},\"description\":\"Soumen is a dedicated researcher and writer in the field of cryptocurrencies, DeFi, NFTs, and GameFi projects. Although this space is still in its infancy, there has been a lot of development and funding in this area, and he believes it will become much more mainstream within the next ten years. Soumen enjoys playing his guitar and singing along in his spare time.\",\"url\":\"https:\/\/cryptoslate.com\/author\/soumen-datta\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"ASIC financing debt worsened Bitcoin miner\u2019s liabilities in 2022: Report","description":"2022 saw some miners struggle to pay the dues, resulting in more defaults, and distressed asset sales than ever before.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptoslate.com\/asic-financing-debt-worsened-bitcoin-miners-liabilities-in-2022-report\/","og_locale":"en_US","og_type":"article","og_title":"ASIC financing debt worsened Bitcoin miner\u2019s liabilities in 2022: Report","og_description":"2022 saw some miners struggle to pay the dues, resulting in more defaults, and distressed asset sales than ever before.","og_url":"https:\/\/cryptoslate.com\/asic-financing-debt-worsened-bitcoin-miners-liabilities-in-2022-report\/","og_site_name":"CryptoSlate","article_published_time":"2023-01-22T12:15:17+00:00","og_image":[{"width":1200,"height":630,"url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/bitcoin-miner.jpg","type":"image\/jpeg"}],"author":"Soumen Datta","twitter_card":"summary_large_image","twitter_creator":"@cryptoslate","twitter_site":"@cryptoslate","twitter_misc":{"Written by":"Soumen Datta","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/cryptoslate.com\/asic-financing-debt-worsened-bitcoin-miners-liabilities-in-2022-report\/#article","isPartOf":{"@id":"https:\/\/cryptoslate.com\/asic-financing-debt-worsened-bitcoin-miners-liabilities-in-2022-report\/"},"author":{"@type":"Person","@id":"https:\/\/cryptoslate.com\/author\/soumen-datta\/#person","name":"Soumen Datta","url":"https:\/\/cryptoslate.com\/author\/soumen-datta\/","mainEntityOfPage":{"@id":"https:\/\/cryptoslate.com\/author\/soumen-datta\/"},"image":{"@type":"ImageObject","@id":"https:\/\/cryptoslate.com\/author\/soumen-datta\/#authorimage","url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/10\/cs-soumen.jpg","contentUrl":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/10\/cs-soumen.jpg","caption":"Soumen Datta"},"jobTitle":"Journalist","description":"Soumen is a dedicated researcher and writer in the field of cryptocurrencies, DeFi, NFTs, and GameFi projects. Although this space is still in its infancy, t...","worksFor":{"@id":"https:\/\/cryptoslate.com\/#organization"},"sameAs":["https:\/\/x.com\/ComposableD","https:\/\/www.linkedin.com\/in\/soumen-datta-556471222"]},"headline":"ASIC financing debt worsened Bitcoin miner\u2019s liabilities in 2022: Report","datePublished":"2023-01-22T12:15:17+00:00","dateModified":"2023-01-22T12:15:17+00:00","mainEntityOfPage":{"@id":"https:\/\/cryptoslate.com\/asic-financing-debt-worsened-bitcoin-miners-liabilities-in-2022-report\/"},"wordCount":368,"commentCount":0,"publisher":{"@id":"https:\/\/cryptoslate.com\/#organization"},"articleSection":["Bankruptcy","Bear Market","Mining"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/cryptoslate.com\/asic-financing-debt-worsened-bitcoin-miners-liabilities-in-2022-report\/#respond"]}],"copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/cryptoslate.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/cryptoslate.com\/asic-financing-debt-worsened-bitcoin-miners-liabilities-in-2022-report\/","url":"https:\/\/cryptoslate.com\/asic-financing-debt-worsened-bitcoin-miners-liabilities-in-2022-report\/","name":"ASIC financing debt worsened Bitcoin miner\u2019s liabilities in 2022: Report","isPartOf":{"@id":"https:\/\/cryptoslate.com\/#website"},"datePublished":"2023-01-22T12:15:17+00:00","dateModified":"2023-01-22T12:15:17+00:00","description":"2022 saw some miners struggle to pay the dues, resulting in more defaults, and distressed asset sales than ever before.","breadcrumb":{"@id":"https:\/\/cryptoslate.com\/asic-financing-debt-worsened-bitcoin-miners-liabilities-in-2022-report\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptoslate.com\/asic-financing-debt-worsened-bitcoin-miners-liabilities-in-2022-report\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/cryptoslate.com\/asic-financing-debt-worsened-bitcoin-miners-liabilities-in-2022-report\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptoslate.com\/"},{"@type":"ListItem","position":2,"name":"ASIC financing debt worsened Bitcoin miner\u2019s liabilities in 2022: Report"}]},{"@type":"WebSite","@id":"https:\/\/cryptoslate.com\/#website","url":"https:\/\/cryptoslate.com\/","name":"CryptoSlate","description":"Cryptocurrency News and Real-time Coin Data","publisher":{"@id":"https:\/\/cryptoslate.com\/#organization"},"inLanguage":"en-US"},{"@type":"NewsMediaOrganization","@id":"https:\/\/cryptoslate.com\/#organization","name":"CryptoSlate","url":"https:\/\/cryptoslate.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/","url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg","contentUrl":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg","width":1000,"height":1000,"caption":"CryptoSlate"},"image":{"@id":"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/twitter.com\/cryptoslate","https:\/\/www.instagram.com\/cryptoslate","https:\/\/www.linkedin.com\/company\/cryptoslate","https:\/\/www.youtube.com\/c\/cryptoslate","https:\/\/t.me\/cryptoslatenews","https:\/\/www.crunchbase.com\/organization\/cryptoslate","https:\/\/iq.wiki\/wiki\/cryptoslate","https:\/\/news.google.com\/publications\/CAAqKggKIiRDQklTRlFnTWFoRUtEMk55ZVhCMGIzTnNZWFJsTG1OdmJTZ0FQAQ","https:\/\/muckrack.com\/media-outlet\/cryptoslate","https:\/\/www.tiktok.com\/@cryptoslatenews"],"publishingPrinciples":"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#editorial-principles","ownershipFundingInfo":"https:\/\/cryptoslate.com\/disclaimers\/how-cryptoslate-makes-and-spends-money\/","correctionsPolicy":"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#corrections-feedback","ethicsPolicy":"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#editorial-principles","foundingDate":"2017-08-04","founder":[{"@type":"Person","name":"Nate Whitehill"},{"@type":"Person","name":"Matthew Blancarte"}],"contactPoint":[{"@type":"ContactPoint","contactType":"customer support","url":"https:\/\/cryptoslate.com\/contact\/","availableLanguage":"en-US"},{"@type":"ContactPoint","contactType":"sales","url":"https:\/\/cryptoslate.com\/contact\/?topic=advertising#contact-form","availableLanguage":"en-US"},{"@type":"ContactPoint","contactType":"newsroom","url":"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#corrections-feedback","email":"tips@cryptoslate.com","availableLanguage":"en-US"}],"masthead":"https:\/\/cryptoslate.com\/about\/#masthead"},{"@type":"Person","@id":"https:\/\/cryptoslate.com\/#\/schema\/person\/2b1fd7a2a28e0f71f17a0f130c09fc83","name":"Soumen Datta","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptoslate.com\/#\/schema\/person\/image\/","url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/10\/cs-soumen-150x150.jpg","contentUrl":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/10\/cs-soumen-150x150.jpg","caption":"Soumen Datta"},"description":"Soumen is a dedicated researcher and writer in the field of cryptocurrencies, DeFi, NFTs, and GameFi projects. Although this space is still in its infancy, there has been a lot of development and funding in this area, and he believes it will become much more mainstream within the next ten years. Soumen enjoys playing his guitar and singing along in his spare time.","url":"https:\/\/cryptoslate.com\/author\/soumen-datta\/"}]}},"_links":{"self":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/291215"}],"collection":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/users\/1393"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/comments?post=291215"}],"version-history":[{"count":8,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/291215\/revisions"}],"predecessor-version":[{"id":291233,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/291215\/revisions\/291233"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/media\/280157"}],"wp:attachment":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/media?parent=291215"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/categories?post=291215"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/tags?post=291215"},{"taxonomy":"post_folder","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/post_folder?post=291215"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}