Code repository GitHub saw over 26,000 blockchain-related projects created on its platform last year; yet only a small percentage remain active. According to data collected by Deloitte, it detailed in its new report ‘Evolution of Blockchain Technology: Insights from the GitHub Platform,’ that there were 26,885 blockchain-related projects in 2016 developed on GitHub. Surprisingly, despite the interest that the technology is garnering, only eight percent of projects are actively maintained. Deloitte found that projects have an average lifespan of 1.22 years.
Wow, I did not expect that so many projects are not active anymore after such a short time. Many of them have certainly also collected money from ICOs. That would be a huge money-shredding machine.
While I would've thought that it would be high I certainly would not have expected that it would be so high as 92%! It is important to remember that a large portion of these will be useless airdropped coins etc that are nothing more than a money grab or a project for some. It would benefit everyone if it was more difficult for new projects to be started as it would protect investors and leave us with more quality projects.
To be honest I'm not surprised at all, many business do not last for more than a year an the world of crypto is even more risky and when we add scams into the mix this pushes the failure ratio of icos even higher, this is why it does not make sense to invest in a lot of icos find one that you think has a chance to make it big and invest your money there.