kaal:claim:3406323-006

During the ICO boom years the venture capital market in the decentralized technology sector ground to a halt, and the later demise of the ICO market reversed the trend back toward venture funding.

During the ICO boom years, the venture capital market in the decentralized technology sector ground to a halt.

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

• decentralized technology sector during the ICO boom, roughly March 2017 to June 2018

empiricalsupport: assertedfailure: venture-market-displacementfamily: liquidity-and-market-structure-failuresecurities-laweconomicsinnovationblockchain

• supported_by kaal:claim:3606663-006 By 2019 the ICO market had lost its defining advantage over venture capital: because most ICOs between 2018 an...
• supersedes kaal:claim:3067615-015 The trend of ICO issuance exceeding venture capital financing can be expected to continue, because ICOs alloca...
• extended_by kaal:claim:3409548-014 The 2018 ICO boom exposed a core limitation of blockchain technology: ICOs sold investors decentralized infras...
• supported_by kaal:claim:3606663-008 ICO issuance exceeded venture capital financing of startups for the first time in the second quarter of 2017, ...

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