kaal:claim:3808852-022

The ICO share of blockchain startup fundraising collapsed from 80 percent to around 35 percent by August 2018, recovered only marginally to 40 to 50 percent between September 2018 and February 2019, and then fell to 20 percent 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 and Feedback Effects (2021), IV. Market Decentralization, p. 15
https://ssrn.com/abstract=3808852 · source PDF

Wulf A. Kaal, Decentralization and Feedback Effects (2021). SSRN: https://ssrn.com/abstract=3808852

• measured as percentage of total fundraising of blockchain startups

empiricalsupport: evidencedsecurities-laweconomicsblockchain

• restates kaal:claim:3406323-004 The ICO share of total blockchain startup fundraising collapsed from about 80% to roughly 35% by August 2018, ...
• restates kaal:claim:3409548-032 ICO funding collapsed as a share of blockchain startup fundraising, falling from 80% to around 35% by August 2...

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