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Laxman Pai, Opalesque Asia: Traditional venture capital (VC) investment in blockchain and crypto firms has grown by almost 280% to nearly $ 3.9 billion, in the three quarters of 2018, as compared to last year.
In its latest report, blockchain research group Diar said that the number of deals has also nearly doubled from last year, it adds, saying that investors are not only writing more checks, but they are also writing much larger checks.
The Diar report, which cites data from Pitchbook, revealed that the median deal size of crypto and blockchain investments has increased by more than $ 1 million in 2018.
Ten of the largest deals in 2018 have seen blockchain and crypto companies raise more than $1.3 billion in venture capital. Only one of these companies has a native utility token - DFINITY. The rest presents a traditional equity investment.
70% of tokens are now valued at less than ICO price
The crypto industry sees a decline in initial coin offerings (ICOs) amid regulatory concerns and major losses across token markets.
"ICOs were supposed to disrupt how early ventures raise capital. And many were calling for the end of venture capital as we know it. But markets have corrected, and token values have continued to plummet," said a release from Diar.
As Diar found, 70% of tokens are now valued at less than what was raised during their ICO (Diar, 24 September 24). The majority of tokens have dropped in price by more than 90% from thei...................... To view our full article Click here
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