ICO, the first form of financing using cryptography in the first quarter of this year, was lower than in the fourth quarter of last year.
According to a quarterly report released by ICO Bench, the number of ICO projects in the first quarter of this year was lower than that of the fourth quarter of last year, and the amount of procurement decreased by about $ 500 million. However, the ICO bench said that although the number of projects in the first quarter of this year was half, the average did not decrease, but the procurement amount decreased, but the ICO success rate was similar to the fourth quarter last year. More than 60% of ICO projects procured less than $ 5 million.
The number of ICO projects was 328, of which 107 were successful and 221 were not. In the fourth quarter of last year, 207 out of 585 cases were successful and 378 failed to raise funds.
The most popular areas at ICO were virtual reality, big data, artificial intelligence and entertainment, and the etherium network was still popular. According to a report released by Token Data, an ICO data analysis site in early April, the ICO procurement amount in the first quarter of this year is $ 118 million. Procurement amounted to $ 6.9 billion for the same period last year. Also, only 15% of successful ICOs were allowed to trade.
On the other hand, more than 40% of institutional investors have predicted that institutional investors’ investment in ICO will start in 5 years.