ICOs Have Raised $20 Billion – $300 Million Last Month
ICO or initial coin offering or initial currency offering is a type of funding using cryptocurrencies.
ICOs have raised $12 billion this year and $7 billion last year, with about $6 billion of it being just for EOS and Telegram according to Autonomous, a financial research firm.
They say some 300 crypto funds, with assets under management of $7.5-10 billion, have formed to invest in crypto assets. The path from ICO to a liquid coin is difficult however, with over 50% of ICO projects failing to raise funds or are no longer operational.
Click on image for source: