kaal:claim:3406323-004

The ICO share of total blockchain startup fundraising collapsed from about 80% to roughly 35% by August 2018, recovered only marginally to 40% to 50% through February 2019, and then fell to 20% in March 2019.

The percentage of ICOs in relation to total fundraising of blockchain startups dropped from 80% to around 35% in August 2018 and only marginally recovered between September 2018 and February 2019 at around 40% to 50% before dropping to 20% in March 2019.

Wulf A. Kaal, Decentralization - A Primer on the New Economy (2019), II. Types of Decentralization, p. 6
https://ssrn.com/abstract=3406323 · source PDF

Wulf A. Kaal, Decentralization - A Primer on the New Economy (2019). SSRN: https://ssrn.com/abstract=3406323

• blockchain startup fundraising, March 2018 through March 2019

empiricalsupport: evidencedsecurities-laweconomicsblockchaininnovation

• restated_by kaal:claim:3409548-032 ICO funding collapsed as a share of blockchain startup fundraising, falling from 80% to around 35% by August 2...
• restated_by kaal:claim:3808852-022 The ICO share of blockchain startup fundraising collapsed from 80 percent to around 35 percent by August 2018,...

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