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Report: ICO Fundraising Plummeted 95% Year-Over-Year in 2019

Report: ICO Fundraising Plummeted 95% Year-Over-Year in 2019Report: ICO Fundraising Plummeted 95% Year-Over-Year in 2019

A report published by research firm CB Insights has found that equity funding has dramatically overtaken initial coin offerings (ICOs) as the dominant means of finance in the blockchain space.

While the largely unregulated ICO boom of 2018 raised $7.8 billion, initial coin offering funding fell more than 95% to raise $371 million in 2019. By contrast, equity funding raised $2.8 billion last year.

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