Blockchain startups raised $ 822 million in the first half of 2019

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Blockchain startups raised $ 822 million in 279 separate investment rounds in the first half of the year, according to research by Outlier Ventures.

Analysis showed that the initial fundraising was carried out 57% of the time, indicating a fair number of businesses are moving from proof-of-concept to running open source working projects.

Lawrence Lundy-Bryan, partner and head of research at the company, points to a decrease in the number of large venture capital investments in the blockchain industry, compared to the same period in 2018. However, it highlights the Bithumb exchange, which raised $ 200 million this year..

However, cryptocurrencies continue to raise funds even as market regulation has increased. Outlier Ventures notes the rise in popularity of initial exchange offerings (IEOs), as well as the growing trend of direct investment in protocols in exchange for packages of tokens and shares.

Blockchain startups raised $ 822 million in the first half of 2019

text: Ivan Malichenko, photo: euribor

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