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August 05, 2017, 03:35:18 PM |
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More than $1.5 billion and counting. Call them token sales or initial coin offerings (ICOs), the funding method has quickly emerged as the de-facto way for blockchain projects to raise capital – one that is dominating headlines, as well as a growing portion of CoinDesk's editorial coverage and quarterly "State of Blockchain" report.
And it's easy to see why: ICOs are now contributing significantly more funding to the blockchain ecosystem than traditional venture capital, not to mention skyrocketing in terms of deal volume and size. The landscape is also quickly evolving in terms of deal structures, platform use, perceived legality, investor interest, and more – all leading to a boom in the amount of new data available for analysis.
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