Blockstack CEO: Crypto Winter is Here But the Next Wave Will be Massive42.2

Since the introduction of blockchain in 2008, there have been more than 80,000 digital ledger technology projects launched around the world. In 2016, a total of 29 crypto projects raised over $6 billion via tokenized crowdfunding (ICO). The next year, 871 ICOs raised a whopping $6 billion, causing a wave of investment into the blockchain space. And in 2018 – this year – over 800 ICOs have announced their blockchain products.

But a “crypto winter” may end up freezing a majority of them to death, believes Muneeb Ali.

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