More than 100 crypto projects have either shuttered, filed for bankruptcy or gone dark for good so far this year, CoinDesk reported Sunday (Aug. 9), citing numbers from RootData. The trend covers every part of the industry, CoinDesk added, from exchanges to wallets to NFT markets to layer-1 blockchains. “We’re in a consolidation phase for general-purpose layer twos, not layer twos broadly.” However, the report added, blockchain technology could ultimately become useful infrastructure behind the scenes without consumers ever directly interacting with crypto assets. “You’ve got to have the connectivity, the user experience, the wallet infrastructure, the settlement infrastructure, the conversion and liquidity infrastructure.