🐻 Nearly half of all ICOs failed to raise any funds since start of 2017

A new report from research and consulting firm GreySpark Partners shows that nearly half of all token sales in 2017 and 2018 failed to raise any funds. Another 40 percent were successful in raising funds and managed to raise more than $1 million each. The report also tracked crypto-hedge funds noting that the number of these funds had increased to 146 as of September, up from only nine in 2012.

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