A total of 343 blockchain startups have raised $1.8 billion in venture capital in the first half of 2018, which is twice higher compared to the sum raised in the whole 2017, and the industry is enjoying good health, according to a recent report of the UK venture capital investor Outlier Ventures that specializes in blockchain and tokenized companies.
“Forget what you’ve heard. Despite the negative sentiment and token bear market, if you scratch under the surface, the broader blockchain ecosystem is experiencing rapid growth and maturation. The focus on price of publicly listed tokens is misguided as a proxy for ecosystem health,” the report, headlined “The State of Blockchains Q2 2018: The Crypto Markets are Wrong”, noted.
It added that in the second quarter the market saw the development of corporate blockchain projects and favorable regulatory rulings.
On the other hand, the $1.8 billion figure is inflated by the $4 billion and Telegram $1.7 billion raises. At the same time, small retail investors are drawing back, as the traditional finance has moved in. In the second quarter of 2018, the industry faced the first quarter-on-quarter drop in the amount raised through token sales.
In the first half …
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