Study finds nearly half of ICOs fail to raise funds
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Intelligence firm GreySpark analyzed 1900+ ICOs across several years. What did they find? 46% fail to raise funds, 40% raised $1M or more, and 86% used Ethereum as their ICO platform. GreySpark also noted that after the completion of an ICO, the percentage of positive returns significantly declines as more time passes. (Source: GreySpark)
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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