• Days
  • Hours
  • Mins
  • Secs
  • Wed, 18 Sep 2019, 03:30 AM
  • All times are UTC
  • Edition:
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.
  • Bitcoin (BTC) $10,256.40 (-0.09%)
  • Ethereum (ETH) $211.11 (+6.85%)
  • XRP (XRP) $0.304700 (+16.77%)
  • Bitcoin Cash (BCH) $322.81 (+5.10%)
  • Litecoin (LTC) $75.26 (+3.67%)
  • Bitcoin (BTC) $10,256.40 (-0.09%)
Sep 18, 2019 (Wednesday)
Japan's LINE launches crypto exchange platform Bitmax
Crypto Technicals: ETH/USD breaks above 200-DMA, hits 5-week high at 215.00
Sep 17, 2019 (Tuesday)
Wells Fargo to pilot internal blockchain-based digital currency for payments
Marsh, Arch Insurance (UK) Limited launch insurance solution for digital assets ‘Blue Vault’
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
Crypto exchange Binance backs Chinese crypto news portal Mars Finance
Crypto Technicals: XMR/USD rejected at 200-DMA, scope for resumption of weakness
Hedera Hashgraph blockchain goes live with 26 dapps
Crypto Technicals: Ethereum pauses shy of $200 mark, set to extend bullish momentum
Harbor tokenizes iCap Equity’s $100M real estate funds using ethereum blockchain
Crypto Technicals: BCH/USD fails to extends weakness below 200-DMA, retrace above will see upside resumption
Women in Leadership: Publicis Sapient hires Merril Lynch veteran Priya Bajoria as SVP Financial Services
Crypto Technicals: IOT /USD forms successive Dojis at cloud resistance, dents scope for upside continuation
Crypto payment services BitPay to roll out Ethereum support in the coming weeks
Blockchain food provenance platform OpenSC secures $4M in seed funding
Australia's REIQ partners with Igloo to develop blockchain-based tenancy agreements
Crypto exchange OKEx Korea to remove all privacy coins, including monero, dash, zcash, over FATF's 'travel rule'
Aventus unveils new ticketing protocol Aventus Classic and $15K prize for blockchain developers
C4IR UAE, World Economic Forum introduce blockchain accelerator program at Dubai's Area 2071
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.