ICO Performance in Q3 2018 Saw ‘Overall Disappointment,’ Study Shows

ICO Performance in Q3 2018 Saw ‘Overall Disappointment,’ Study Shows

Cointelegraph  | Nov 17, 2018 10:21AM ET

ICO Performance in Q3 2018 Saw ‘Overall Disappointment,’ Study Shows

Initial Coin Offering (ICO) performance was in part characterized by “overall disappointment” in the third quarter of 2018, according to a study from ICO analysis firm ICORating published Nov. 15.

As the report states, Q3 2018 saw 597 ICOs raise over $1.8 billion, a notably lower value than the over $8.3 billion reportedly raised in the previous quarter. A similar decline in investment has been reported in traditional Venture Capital (VC) funding for blockchain projects.

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