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

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:

  • 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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