Just read Ethereum Co-founder: “ICO’s Still Have a While to Run”

Ethereum Co-founder: “ICO’s Still Have a While to Run”

While speaking to Bloomberg, Ethereum Co-founder, Gavin Wood, discussed Ethereum and how the ICO markets will evolve. Wood also responded to questions from the show’s hosts regarding the market downturn, and how that affects digital infrastructure development. Wood notably mentioned that “ICOs still have a while to run,” but also noted that “there’s going to be a lot of evolution for ICOs down the line.”In 2018, ICOs have in fact seen tremendous success despite the general cryptocurrency market downturn, with year-to-date fundraising far exceeding that of previous years. According to CoinSchedule, in the first eight months of 2018 alone, ICOs have raised a total of over $18 billion, compared to the $6.2 billion raised in all of 2017. Despite the cryptocurrency market decline, ICO fundraising has not fallen off as the bear market persists, with the majority of this year’s ICO fundraising occurring in June.

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Saturday, September 15, 2018