Around $380 million flowed into ICOs in October, according to CoinSchedule. That’s well below the $800 million-plus the crowdfunding model generated in September. That brings the total capital raised for the year to $3.25 billion.
Readers may recall that ICOs surpassed early stage venture capital following a massive surge in the months of May, June and July. At the start of the year, there was barely any activity in the space.
http://prntscr.com/h3hnysSo far this year, a total of 203 crowdraises have been issued. The previous year saw just 46 with a total raise of $93.4 million.
A Closer Look at the Numbers
More than one-third (37%) of the funds raised this year went toward infrastructure projects. That amounts to a little more than $1.2 billion. Trading and investment platforms generated nearly $420 million, or 12.9% of the total capital raised.
Finance projects were the third most popular at $307 million, or 9.4%. Data storage (8.8%), payments (6.6%) and healthcare (6.2%) were also on investors’ radar.
Practically every industry has been represented in token raises this year, including governance, supply and logistics, machine learning and even commodities.
Infrastructure was by far the biggest category for 2016. accounting for more than 45% of the total capital raised. That was followed by trading and investing (12.3%), content management (9.5%) and events and entertainment (7.8%).
Filecoin continues to be the biggest capital raise ever at $257 million. Tezos is a close second at more than $232 million. The top-ten list of token raises is provided below.
http://prntscr.com/h3ho8o