Breaking News
ICO Ecosystem Reached a Value of Over $20BN in 2018, Reveals London Blockchain Week
Research compiled by London Blockchain Week 2019 has revealed that the ICO ecosystem reached a value of $21.5bn at the end of 2018, with $15.2bn raised throughout the 12 months of 2018. This was also most three times the amount raised through token issuances in 2017 ($6bn).
The popularity in the new form of fundraising peaked in the first half of 2018, with $1.8bn raised each month, before dropping to $722m per month in H2. Despite the decreased investor appetite in the second half of the year, 2018 still saw a total of 1,078 projects launched with the average number of projects of 90 per month being maintained throughout the year H1 and H2.
Business models that are seeing the highest surge in ICO activity include money & commerce at 157% (such as finance, payments and trading exchange), system architecture at 29% (communication, data storage and AI), content at 478% (games, AR & VR, social media and advertising) and process at 217% (such as healthcare, gambling and supply chain).
Commenting on the news, founder of London Fintech Week, Luis Carranza, said: “In 2018 we witnessed the next form of fundraising evolve with the ICO ecosystem reaching a value of over $20bn. This is a staggering amount, especially as the market was valued at $6bn at the end of 2017.
“There is no doubt that the ICO model creates unique opportunities, but the regulation has forced a more stable STO (Security Token Offering) model which shows a lot of promise in the long term. It is a fascinating time to be involved in this sector, and we welcome you to join us at London Blockchain Week from Monday 11 February to meet companies that are driving the industry.”
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