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To help investors understand and navigate the complexity of digital assets, CoinDesk Indices launched the Digital Asset Classification Standard (DACS)

The DeFi sector in CoinDesk DACS refers to projects that support financial products and services that are not facilitated with any central entity.

Blockchain technology has entered the culture and entertainment industry, a sector in CoinDesk Indices DACS. It represents a wide array of digital assets including the Metaverse.

Digitization refers to the blockchain-based transformation of publicly verifiable ownership, identity, and immutability.

The Currency Sector is the largest Sector in CoinDesk Indices DACS. It has the largest number of digital assets among the six sectors that make up DACS.

In CoinDesk Digital Asset Classification Standard (DACS), the standard for defining the industries of digital assets, Web3 is comprised of a diverse set of digital assets across industry groups.