![PwC Report Appears ICOs Picking up Force in 2018](http://bitcoints.com/wp-content/uploads/2018/07/PwC-Report-Appears-ICOs-Picking-up-Force-in-2018.jpg)
2018-7-3 22:27 |
The latest report from the ‘Big Four’ financial auditing giant PricewaterhouseCoopers (PwC) that Initial Coin Offerings are gaining a lot of momentum and has managed to raise a staggering amount of $13.7 billion during the first five months of 2018.
The report goes to state that the ICO market is quite heated up with 537 ICOs being conducted till the May 2018.
It reads:
“[Researchers] highlighted continued growth and popularity of ICOs globally in 2018, with over 537 ICOs conducted in the first five months of this year, raising a combined total of $13.7 billion USD – more than all ICOs which took place before 2018 combined.
The report mentioned that 46% of the ICOs have died.
He believes that going further, the legal aspects and investors relations of ICOs are sure to improve thereby reducing the high failure rate.
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