How much did initial coin offerings raise in 2017?

Initial coin offerings have come out of nowhere in 2017 to become the talk of Silicon Valley and Wall Street. Programmers have raised over $3.2 billion this year by selling their own virtual currencies to investors. That is 3,000 percent more than the amount raised using coin offerings in 2016. What is an initial coin offering?

What is an ICO (Initial Coin Offering)?

What Is an ICO? At their peak in 2017, initial coin offerings (ICOs) had overtaken venture capital as the main fundraising method for blockchain startups. ICO stands for “initial coin offering,” and refers to a formerly popular method of fundraising capital for early-stage cryptocurrency projects.

What are public Initial Coin Offerings?

Public initial coin offerings are a form of crowdfunding that targets the general public. The public offering is a democratized form of investing because almost anyone can become an investor. However, due to regulatory concerns, private ICOs are becoming a more viable option relative to public offerings.

Are initial coin offerings the talk of Silicon Valley and Wall Street?

Initial coin offerings have come out of nowhere in 2017 to become the talk of Silicon Valley and Wall Street. Programmers have raised over $3.2 billion this year by selling their own virtual currencies to investors.