In line with a recent research analysis report published by ‘One Alpha,’ around140blockchain-focusedfirmsin Israel have attracted over $1.3 Bln in investment,wherebyover60%offirmsand 88%of fundsareICO-related.
From Q1– Q3 in 2018, Israeli startups successfully raised over $605 Mln through ICO’s,wherebythe major numberof ICOsbefellduringthe Q2, and Q1 among them all, wasthe foremostprofitable, with $315 Mln raised through crypto-asset offerings.
One Alpha notes that in 2017,simply less thantwentyICO’s in total raised $586 Mln’s. Sincethe beginningof 2017, the country sawa gentlerisewithin thevarietyof ICOprojectsand therefore thequantityof funds raised overall.
As per One Alpha,the overallnoof ICO’s globally in 2017 was around 350,whereasas of the date of the report in 2018,it’sover800. Betweenthose sameyears, ICO fundinginflatedfrom $6 Bln to $20 Bln.
The largest ICOs in 2018embraceEOS[$4.2 Bln],Telegram[$1.7 Bln], TaTaTu [$575 Mln], Dragon [$420 Mln], and tZero [$328 Mln]. Per the report, ICOsrepresenteven10%ofthe worldwidecapital funding volume.
One Alphaconjointlyreferred to as2017 a record-setting year for crypto funds globally, as 194 funds were opened that year,whereaswithin the1steight months of 2018, 136 funds opened for business.
The chief operating officerof oneAlpha ‘Yaniv Feldman, ‘aforesaidthat the prevailingmarketof the past year has provided “much-needed” relief tothe arena,because ithas brought valuationsright down toa considerable sensible level.
Israel has beenreferred to as“The Startup Nation” by some, as Israeli startups raised over $5 Bln in capital in 2017. Israel reportedly hasone in every ofthe bestpercentages of tech-startupsmanufacturinglatest technologies. Among others, startup company Applied Blockchain developed the blockchain droneregistryto traceand secureindustrialdrone flights and deliveries.
In 2017, Israel’s largest bank Hapoalim partnered with Microsoftto makea blockchain-powered platform to “makethe methodofsigningup guarantorsfaster and easier.”