Report: Only one-third of tokens actually outperformed both ETH and BTC

Research • October 25, 2018, 4:11PM EDT
The Block

Fabric Ventures released their State of The Token Market report analyzing initial coin offerings from January 1, 2018, to September 31, 2018. According to the report:

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  • 58% of ICOs failed to raise capital, disappeared, or refunded participants.
  • Ten ICOs raised 47% of all capital.
  • Only 1/3 of ICOs outperformed both ETH and BTC.
  • 40% of investments go into infrastructure projects.

(Source: Fabric Ventures)

About Author

Steven Zheng is a researcher for The Block. He joined The Block in August 2018. Steven graduated from St. John’s University with a degree in economics. Previously, he covered blockchain and crypto at Radicle, a startup analytics firm. He also had brief stints at Cheddar, a media startup, and Bowery Capital, a venture capital firm. He owns bitcoin. Follow Steven on Twitter at: @Dogetoshi

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