ICOs are evolving to a more robust and regulated model
26 February 2018
Initial Coin Offerings (‘ICOs’), took off in 2017 as a means used by blockchain based startups to raise funding. A recent report by PwC’s consulting division Strategy& states that in 2017 alone a total of $4.6bn (USD) was raised through ICOs, up from $0.2bn USD in 2016. In October and November 2017 alone, five ICOs - totaling $494m - were among the top 15 token sales to date. The report provides a comprehensive overview of ICO activity globally, insight into emerging regulatory developments, and also looks at what the future holds for ICOs.