ICO failure rates are increasing. However, there seems to be a trend of fewer projects receiving bigger sums. Due to regulatory pressure, ICO bans, and a bear market, investors seem to be taking a new strategy to funding blockchain projects.
ICO Failure Rates Surge
Less Projects, More Money
It spells a movement towards bigger players that we are seeing in the larger space; where private instead of public blockchains might be more the order of the day as bigger players enter the space: e.g. Bakkt. Bakkt’s focus on digital assets was wildly acclaimed by crypto insiders and the media as being potentially disruptive.
ICO Investment Dependent on Project Location
- Malta: 8 projects raised $113M
- Cyprus: 8 projects raised $124.7M
- Isle of Man: 2 projects raised $37M
Is the ICO space experiencing a cool-down? Or is it only getting started?
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