CoinDesk Research: Speculation Driving Boom in Blockchain ‘ICOs’

This article highlights findings from CoinDesk Research’s new ‘Spotlight Study’ on blockchain token sales (or ICOs).

Based on a survey of 400+ blockchain entrepreneurs, investors and developers, the report highlights key findings in what analysts believe is one of the industry’s most exciting – but opaque – markets and applications.

For more of our reports, please visit CoinDesk Research.

CoinDesk Research is proud to reveal the results of its first ‘Spotlight Study’ of 2017: a free, in-depth look at the current state of blockchain token sales, a fundraising and product distribution process often colloquially referred to as an ‘initial coin offering’ (ICO).

Based on a survey of 400-plus blockchain entrepreneurs, investors and enthusiasts, the report highlights key findings in what analysts believe is one of the industry’s most exciting – but opaque – areas of innovation and growth.

Most notably, perhaps, the popularity of ICOs continued to gain traction in 2016 as total funds diverted to such projects approached half (48%) of the industry’s total venture capital funding.

Includes $152m ‘The DAO’ ICO in May 2016.

While a large portion of this capital was invested in a single, failed project, The DAO, we believe the figure nonetheless hints at

Read more ... source: CoinDesk

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