If you have been a keen follower of cryptocurrency headlines, then you are probably aware that 2017 was relatively a favorable year for Initial Coin Offerings. What you probably don’t know is the fact that the 752 ICOs introduced to the market in the last year cost over $5 billion. This amount surpassed the initial stage funding that was raised by venture capitalists in the history of the business.
75 percent of corporations like Microsoft and its counterparts are beginning to embrace ICOs and blockchain technology. Similarly, extreme companies like Kik as well as Aptoide are adopting the same investment model. As such, this trend is projected to proceed into this year (2018). Nevertheless, the big question lies in the series of news headlines regarding what lies ahead of the cryptocurrency and blockchain technology as well as the ICOs. Inclusive of the funding mechanism, especially for start-ups, there have been a plethora of questions regarding the eventuality of success or even failure.
In 2017, most ICOs aimed at the enormous numbers while striving to come up with about $100 million. With that said, most of them succeeded. Unlike that duration, the current trend is taking a somewhat lean direction with the graph subsiding. Over time, crowdfunding has become the in-thing within the industry. As such, more countries are stepping into the game by creating limitations regarding the amount a company can raise annually. Now instead of crowdfunding, companies will delve into raising the bare minimum.
Most companies with a running product in the vicinity are far much successful than companies with a possibly viable idea that has not been implemented. Currently, there are new opportunities for emerging players who would like to expand their businesses. Moreover, the IT industry is flourishing under ICOs. Alongside multiple CVs that have joined the movement, more companies are expected to join the blockchain business.
Jordan Lindsay grew up in New York. He loved sports and was very active as a child. Currently a veteran and trader in financial services, he has mastered the art of using technology to grow businesses. Also, a self-taught programmer and a guru in systems architecture and design, Lindsay is an alumnus of Mount Angel Seminary. All too often, he offers advice regarding the future of cryptocurrencies and blockchains.