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)