Are Cryptos a new class of asset?

Could you elaborate on whether cryptocurrencies truly constitute a novel class of assets? Is there a clear distinction between them and traditional financial assets such as stocks, bonds, or commodities? What unique characteristics do cryptos possess that set them apart? Are they merely a digital version of existing assets, or do they offer entirely new opportunities and risks? Understanding the fundamental differences between cryptos and other asset classes is crucial for investors to make informed decisions in this rapidly evolving market.