Six Years since the first ICO – What’s Next?

On July 31, 2013, J.R. Willett launched the first ever ICO, Mastercoin (now Omni), and today will mark 6 years since this monumental occasion.    Looking at the last 6 years, it’s evident that the industry has matured and the very nature of fundraising within the blockchain space has changed. We’ve witnessed a slight shift away from ICOs: as evidenced in this STO report from the NEM Foundation, and the recent launch of STOs in public markets. In 2019, we’ve witnessed a further progression towards IEOs. In light of this…

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Facebook’s Libra digital coin aims to massively increase crypto adoption

Facebook-led Libra Association has finally announced details of the Libra project. Our key impression is that Libra will act as a major catalyst for the crypto sector helping massive adoption of digital payments and cross-border remittance tools.   The digital currency presented by Facebook will be nothing close to a truly decentralized solution, let alone community-run one. It will be heavily centralized and will employ corporation-type management style. From what we read, Facebook intends to create something largely based on the US dollar.   Despite the fact that they are…

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