Crypto boom spawns blockchain accelerators to help startups raise funds with ICOs

Image credit: Pixabay.

Until the start of this year, less than US$300 million had been raised through ICOs – initial coin offerings. As of October 11, that figure had reached US$2.67 billion, according to Coindesk’s ICO tracker.

Source: Coindesk ICO tracker.

ICOs raised three times as much money as early stage VC funding in the second quarter of this year, according to CB Insights. That trendline is most likely going up as cryptocurrency trading shot up last week, after a short lull last...

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