The total amount raised in the second quarter of 2018 is: $8.4 billion dollars. That doesn’t sound like a dead market to me. It’s true that half the new ICOs in the second quarter were unable to raise more than $100K in funding. But this suggests a downgrade in the quality of listings. That is no surprise to anyone who has watched this sector over several years. A market with virtually no barriers to entry for upstarts is going to attract…well, just about anyone.
Ben Parisi has a background in research, international development, and campaign organizing. As writer/editor on In The Mesh, he's interested in the politics of decentralization in technology and society.