The ICO market is fast moving and its interesting to see the volumes, capital and sectors that are raising funding.
A quick look at the types of ICO’s and their average funding show that Dapp marketplace, blockchain, distributed storage have attracted the most funding. This is part of an overall trend towards investors wanting to invest in fundamental building blocks over the blockchain ecosystem (storage and core tech). This could be for two reasons:
- It makes sense to back core technology as crypto currency is still in its infancy.
- Many of the early crypto adopters are technical in nature and can understand these projects.
The funding volumes have started to become consistent and have not fallen off as much as some of the doomsayers were predicting.
The interesting trend is that the average funding has been growing which is an indicator that the number of ICO’s successfully raising funding is going down. The indicators are that there are lots of ICO’s taking place however the funders are becoming more discretionary in the way they are selecting ICO’s.