• Fri, 19 Jul 2019, 05:03 PM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

H1 2019 saw $822M raised in funds by blockchain startups

Blockchain.Max Pixel/Max Pixel

Wed, 03 Jul 2019, 09:19 am UTC

The first half of 2019 saw a considerable level of enthusiasm among backers and investors in blockchain, as proven by a recent report by Outlier Ventures. According to the data gathered, as much as $822 million was raised through funding rounds in order to support blockchain startups. The report also noted some of the biggest players in the field in terms of providing these funds.

“Despite several strong indicators in both network activity and user growth price continues to lag well behind the highs of 2017-18. The ecosystem is more robust and becoming increasingly professionalized with several new institutional participants,” the report reads.

The most striking aspect of this report is how the maturity rate for startups have basically increased. There were a total of 279 venture market deals that were made during the first half of this year. Of those, 159 were in the seed stage, meaning while new entrepreneurial talent continues to make inroads into the blockchain space, a considerable number of companies have also moved from proofs-of-concept to subsequent stages of development, Cointelegraph notes.

Simply put, the blockchain market is seeing more startups becoming more developed in terms of their products and services.

The report particularly noted the efforts by JP Morgan and EY with both of them releasing open-source code towards making transactions on Ethereum private.

The crypto market itself is doing quite well, with bitcoin trading up, though with quite a bit of ebb and flow. Overall, crypto coins are expected to have a bullish short-term future. Enthusiasm for trading could increase once Libra hits the market, as well, since crypto would then be opened to a wider audience.

What’s more, on top of the initial coin offerings (ICO) that are hitting the market, there is now an increasing trend involving initial exchange offerings (IEO). With more trends seeing a rise in the market, the blockchain industry is looking more robust by the day.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $10,401.70 (-1.09%)
  • Ethereum (ETH) $219.12 (-2.41%)
  • XRP (XRP) $0.318100 (-1.71%)
  • Litecoin (LTC) $96.22 (-4.48%)
  • Bitcoin Cash (BCH) $301.29 (-4.50%)
  • Bitcoin (BTC) $10,401.70 (-1.09%)
Jul 19, 2019 (Friday)
11:17
Crypto Technicals: XRP/USD grinds lower along 200H SMA, break below 5-DMA to see further weakness
11:12
Binance Jersey announces listing of GBP-backed stablecoin ‘BGBP’
10:32
Rape and sexual harassment case against bitcoin developer blows up
10:15
New Jersey accuses blockchain firm Pocketinns of selling $410K unregistered securities
09:59
Crypto Technicals: LTC/USD struggles at 110-EMA, bias bearish
09:58
Blockchain firm Algorand joins International Swaps and Derivatives Association
09:22
Neo, Ontology partner to develop blockchain interoperability protocol
07:35
Consumer advocates call on Libra partners to withdraw collectively from Facebook's crypto project
07:31
Apple's Steve Wozniak invests in blockchain-based energy efficiency firm 'Efforce' in Malta
07:28
Cryptocurrency exchange ErisX joins U.S. Chamber of Digital Commerce
07:26
LibertyX exceeds 1,000 bitcoin ATMs in the U.S. via new partnership
06:59
Blockchain interest dropping, DLT in trouble?
06:37
Waves founder launches Waves Enterprise to develop corporate blockchain solutions
06:03
IRS goes after cryptocurrency users misreporting transactions
05:05
Facebook's Libra, other cryptocurrencies pose risk of global economic destabilization: G7
04:42
Anchorage receives charter to open crypto custody shop in South Dakota
04:27
Bank of Thailand's DLT-focused Project Inthanon advances to Phase III
Jul 18, 2019 (Thursday)
11:52
MOBI launches first vehicle identity standard on blockchain
11:49
FATF approves Japan’s plan to establish global network for crypto payments: Report
11:13
Crypto Technicals: ETH/EUR downside pauses shy of 200-DMA, bullish divergence on intrday charts keeps scope for upside
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft