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The blockchain and cryptocurrencies are relatively new technologies and in certain respects untested. As with any new rapidly developing technology, there’s a risk that it might not function as intended, and any tokens or cryptocurrencies associated with a blockchain may not have functionality that is desirable or valuable. The regulatory status of cryptographic tokens, digital assets and blockchain technology is also unclear or unsettled in many jurisdictions. It is difficult to predict how or whether governmental authorities will regulate such technologies. It is likewise difficult to predict how or whether any governmental authority may make changes to existing laws, regulations or rules that will affect cryptographic tokens, digital assets, blockchain technology and their applications. Finally, investments in cryptographic tokens, digital assets, blockchain technology and their applications are subject to numerous risks, including without limitation risks associated with third-party attacks, limitations on the ability to transact or resell, security related issues such as expropriation or theft, the theft, loss or unauthorized access to private keys to digital wallets, reliance on third parties, counterparty risk and risks associated with taxation. There is a potential for loss in any investment, including loss of principal invested. All investments involve risk, and different.