$797 million in 3 months: Blockchain’s newest industry is going crazy

ICO, or Initial Coin Offering, is currently the most popular way to get your blockchain startup off the ground, period. 

According to a quarterly report by CoinDesk, blockchain-based startups were funded with a total of $797 million in the second quarter of 2017 alone. That's more than triple the amount that similar startups raised from venture capital. 

SEE ALSO: China bans ICOs for being full of fraud and pyramid schemes

The ICO is somewhat similar to an IPO, only instead of stock, the company sells cryptocurrency tokens, often based on the Ethereum platform. These tokens aren't the same as company shares, but they do typically carry benefits to owners, and they can easily be traded for other cryptocurrencies. Read more...

More about Bitcoin, Ethereum, Cryptocurrency, Ico, and Tech

http://ift.tt/2eO05rY from Tech http://ift.tt/2j7CsMz
via IFTTT