Sentences with phrase «blockchain projects raised»

• In 2017, blockchain projects raised hundreds of millions of dollars not with a product or traction, but with just an idea and some technical specifications.

In its initial coin offering (ICO), the Shanghai - based open - source blockchain project raised over $ 4.5 billion and also developed the «OnChain» universal blockchain framework.

Not exact matches

Last Thursday, the Tezos blockchain project set a record for the coin sales by raising the equivalent of more than $ 200 million over the 13 days of its fundraiser.

An initial coin offering is a way for blockchain - based projects to raise funds, while allowing investors to own part of it through a digital network token.

In the first half of the year, initial coin offerings raised more than $ 1 billion for blockchain - based projects — many of which consist of little more than a white paper.

Sales of new digital coins, called initial coin offerings or ICOs, have raised more than $ 4 billion in sales of new digital coins for projects based on the same blockchain technology behind bitcoin.

TechCrunch understands that at least half a dozen companies who raised money via ICOs and each have $ 500 million or more in total coin market cap — i.e. the total value of all of their crypto coins — have plans to invest in other blockchain projects via seed - or early - stage style deals.

The technology behind Bitcoin, called blockchain, is fueling tech startups to raise money through initial coin offerings (ICOs) to fund their projects.

ICOs generally happen when a new cryptocoin needs to be launched or a new blockchain - based project needs to take off; at such times, the raised funds are necessary for technical development.

The demand for Ethers will always be on the rise for as long as it allows blockchain startups raise funds for their projects through the use of Smart Contracts in Initial Coin Offerings

Recently, many blockchain companies have been exploring the use of initial coin offerings (ICOs) to raise funds to launch and grow ambitious projects.

In order to attract investors and raise enough funds to sponsor the development of their projects, blockchain companies allocate a portion of their coins to early investors.

ICOs have been used to raise hundreds of millions of dollars for blockchain - related projects, often with limited information about their goals.

2017 saw the emergence of many ICO campaigns that were carried out to raise funds for a number of intuitive blockchain projects.

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Throughout 2017, the most favored way for funding Blockchain startups was through ICOs, with over 8 billion being raised to fund a variety of blockchain - related projects since JanBlockchain startups was through ICOs, with over 8 billion being raised to fund a variety of blockchain - related projects since Janblockchain - related projects since January 2017.

TechCrunch understands that at least half a dozen companies who raised money via ICOs and each have $ 500 million or more in total coin market cap — i.e. the total value of all of their crypto coins — have plans to invest in other blockchain projects via seed - or early - stage style deals.

The project raising funds varied remarkably in their application of blockchain technology, product or platform, and underlying business model.

According to Yu Fang, the Chief Executive Officer of BitKan, a part of the $ 10 million that has been raised in this latest round of funding will be used for the development, operation and promotion of its key blockchain project, K Site.

Examples include the way the information sector, which includes blockchains and smart contract platforms, hosts many of the larger raises across the entire industry, and as a result a skewed distribution on an industry - specific basis, or the way the finance industry hosts few truly outsized sales but a very large number of solid mid-range projects that are poised to deliver initial products on a relatively near - term basis.

According to the CoinDesk ICO Tracker, blockchain projects have raised more than $ 1.6 billion by selling cryptographic data designed to power their protocols through a funding method known as an initial coin offering (ICO) or token sale.

Through a process called an initial coin offering (ICO), many projects are simply creating and selling tokens on existing blockchains to build a network effect and raise capital.

This is already happening with ICOs, the tokenized fundraising model that exploded this summer, raising over a $ 1.2 billion for blockchain projects worldwide.

«Token sales in the Blockchain space have raised over $ 1.5 billion USD for innovative organizations; while many have detailed minimum viable products they have largely failed to highlight how funds are being used to further their project,» said Luis Cuende, Aragon Co-founder and Projecproject,» said Luis Cuende, Aragon Co-founder and ProjectProject Lead.

Holding an ICO event has become a viable alternative to VC funding as average ICO proceeds have reached $ 15M which means that blockchain projects are now able to raise as much funds through crowdfunding as a mainstream startup could raise from VCs during Series A or B

Other notable ICOs in the fourth quarter include Hdac, an IoT connectivity project with backing from notable Hyundai BS&C executive raising $ 258 million and Sirin Labs, a smartphone hardware developer integrating blockchain technology raising $ 157.7 million.

An Ethereum development startup started by one of the blockchain project's original founders has raised $ 750,000 in pre-seed funding.

A blockchain project based in Switzerland has raised $ 61 million from a group of investors that includes venture capital giant Andreessen Horowitz and token hedge fund Polychain Capital.

Initial Coin Offering - An initial coin offering (ICO) involves selling a newly created cryptocurrency or token to raise money for a startup, software project, or blockchain network.

Not only has ethereum emerged as the principal platform for initial coin offerings (a process by which entrepreneurs working on blockchain projects sell a cryptographically scarce resource to raise funding), but major institutions including JP Morgan and Bank of America are developing projects on private versions of its software.

First, a large share of ICO coins or tokens these days are Ethereum - based ERC - 20 tokens or similar (projects typically promise to launch their proprietary blockchains later on after raising funds).

A virtual reality project built using blockchain technology has raised $ 26 million in ether via an initial coin offering.

Regulators in China have reportedly made up their mind to crack down on initial coin offerings (ICOs), the nascent funding mechanism through which blockchain projects have now raised more than $ 1.8 billion.

Swiss blockchain project DFINITY Stiftung has raised $ 61 million from venture capital firm Andreessen Horowitz and token hedge fund Polychain Capital.

The global trend of crowdfunding with cryptocurrency sales, often called initial coin offerings, skyrocketed this year to raise several billion dollars for hundreds of blockchain projects.

A blockchain project called Tezos just raised a little under $ 232 million worth of bitcoin and ether tokens.

Project advisor, Jacob Frenkel, the Israeli economist and chairman of JP Morgan Chase International and the G30 stated: «While Blockchain technologies have gained growing acceptance, encryptic currencies have raised public policy concerns, since they are anonymous, unbacked, and are highly volatile.

The comments come amid reports that the startup has faced issues raising a reported $ 35m in funding, while following its announcement that it would participate in the Open Ledger Project, a business - focused open - source blockchain project organized by the Linux FounProject, a business - focused open - source blockchain project organized by the Linux Founproject organized by the Linux Foundation.

It will not exaggerate to say that initial coin offering changing the landscape of information technology, and with the passage of time, it is proving one of the finest concepts to raise the fund for the Blockchain based projects.

is proving a fine opportunity to raise the funds for the Blockchain based projects.

We also witnessed a massive boom in initial coin offerings, which have raised billions of dollars for new blockchain projects.

The idea to presale coins of a token or cryptocurrency of a blockchain project has evolved in a super successful tool to raise funds for the development of a new application.

Vinny Lingham, founder of blockchain identity startup Civic and a partner at Multicoin Capital, told Quartz that «[It's] raising too much money for a small team,» and that the project's deadline appears too ambitious for the scale of the project.

«Token sales in the blockchain space have raised over $ 1.5 billion USD for innovative organizations; while many have detailed minimum viable products they have largely failed to highlight how funds are being used to further their project.»

Antshares has been the first open - source blockchain project developed in China, the first Chinese ICO that raised a significant amount of money, most of which came from outside of China, (6119.53 BTC, over $ 20m in total) as well as being the first Chinese project to collaborate with Microsoft and Hyperledger.

The ECF will begin with $ 100 mln, likely raised by the six Blockchain projects.

Recently, new blockchain projects have raised money by selling the promise of future tokens to willing investors in ICOs.

ICO, an acronym for Initial Coin Offering, is a method used to raise money for new blockchain projects.

An open source, blockchain - based project, Antshares, has reportedly raised $ 4.5 million in their ICO to help fund their blockchain that operates under an «Onchain universal blockchain» framework.

The project, a Blockchain - based ad exchange that seeks to replace common centralized solutions which are prone to ad frauds and privacy violations — seeks to raise 40 000 ETH to bring new advantages of Blockchain technology to the online ad market.