Initial Coin Offerings continue to overtake Venture Capital to raise funds
As expected there has been a large shift of crypto-currencies to ICO’s – all the profits made in the last year are now being moved in ICO’s at an incredible rate.
Below are a few examples of the speed and value ICO’s are able to generate.
#ICO Stats Bancor raised $150M in 3hrs $BAT raised $36M in 24sec
- Civic tokens pre-raised $33M – 8 days
- Polybius ICO raised $18.3M
- Monaco ICO raising $17.5M so far
- CryptoPing raised 306.5 BTC closing June 24th
Now that ICO’s have surpassed VC funding, it seems there will be a rush of folks coming into the crypto-currency space to participate in these ICOs. Hopefully, some interesting/disruptive start-ups are funding via this crowdfunding new way to invest platform being created. I doubt VC’s and hedge funds will stand by the side saying this is not a viable alternative to VC investing.