In line with a recent research analysis report published by ‘One Alpha,’ around 140 blockchain-focused firms in Israel have attracted over $1.3 Bln in investment, whereby over 60% of firms and 88% of funds are ICO-related.
From Q1– Q3 in 2018, Israeli startups successfully raised over $605 Mln through ICO’s, whereby the major number of ICOs befell during the Q2, and Q1 among them all, was the foremost profitable, with $315 Mln raised through crypto-asset offerings.
One Alpha notes that in 2017, simply less than twenty ICO’s in total raised $586 Mln’s. Since the beginning of 2017, the country saw a gentle rise within the variety of ICO projects and therefore the quantity of funds raised overall.
As per One Alpha, the overall no of ICO’s globally in 2017 was around 350, whereas as of the date of the report in 2018, it’s over 800. Between those same years, ICO funding inflated from $6 Bln to $20 Bln.
The largest ICOs in 2018 embrace EOS [$4.2 Bln], Telegram [$1.7 Bln], TaTaTu [$575 Mln], Dragon [$420 Mln], and tZero [$328 Mln]. Per the report, ICOs represent even 10% of the worldwide capital funding volume.
One Alpha conjointly referred to as 2017 a record-setting year for crypto funds globally, as 194 funds were opened that year, whereas within the 1st eight months of 2018, 136 funds opened for business.
The chief operating officer of one Alpha ‘Yaniv Feldman, ‘ aforesaid that the prevailing market of the past year has provided “much-needed” relief to the arena, because it has brought valuations right down to a considerable sensible level.
Israel has been referred to as “The Startup Nation” by some, as Israeli startups raised over $5 Bln in capital in 2017. Israel reportedly has one in every of the best percentages of tech-startups manufacturing latest technologies. Among others, startup company Applied Blockchain developed the blockchain drone registry to trace and secure industrial drone flights and deliveries.
In 2017, Israel’s largest bank Hapoalim partnered with Microsoft to make a blockchain-powered platform to “make the method of signing up guarantors faster and easier.”