RIP ICOs: Blockchain startups receive $3.9B funding the old fashioned way

Despite 70 percent of ICOs being worth less than they initially raised, venture capital (VC) firms are still ramping up blockchain investments. Already, traditional investors have sunk $3.9 billion into new blockchain and cryptocurrency businesses in 2018. Not only has the number of deals struck between VCs and blockchain startups effectively doubled in the past 12 months, but the average deal size has increased by $1 million, blockchain research group Diar reports. Altogether, the $3.9 billion being funneled into blockchain and cryptocurrency startups represents a 280-percent rise on funding over the last year. While there is certainly a lot of…

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https://ift.tt/2xRU2co support@endlesssupplies.ca (Endless Supplies .Ca) October 02, 2018 at 07:29AM