Blockchain Startups Collected Double 2017 Total in Just Half of 2018

After a pretty tough 10 days for the major cryptocurrencies it’s good to get a reality check on the health of the blockchain as a disruptive technology. While established coins may be suffering, research by Outlier Ventures says blockchain startups have collected $1.8 billion in only the first six months of 2018. That’s TWICE the 2017 total in only HALF the time. The report details over 340 deals focussing on blockchain technologies topped by Bitmain alone reportedly collecting $400 million ahead of a planned Initial Public Offering (IPO).

Blockchain space Mergers and Acquisitions are riding high, with the report saying 30 deals have been struck this year - seven of them by just Coinbase!

“Bitcoin and other leading cryptocurrencies often overshadow all of the use cases where blockchain is unleashing innovation in diverse sectors. That blockchain startups did so well in the first half of 2018 shows that regardless of the gyrations of major cryptocurrencies, decentralized applications are already making a positive difference in the world.” - ICOBox co-founder Daria Generalova