Ethereum Creator Vitalik Buterin predicted the failure of most cryptocurrency and blockchain startups. This writes ETHNews.
"It is a recognized fact: 90% of startups fail. Another fact should be recognized: 90% ERC20-tokens on CoinMarketCap completely worthless," said Buterin.
According to him, in 2018 or 2019, the market will be the second generation of tokens having a much higher quality. This will partly be possible because by this time begin to affect the long-term consequences of the release of the first generation tokens.
Also Vitalik Buterin noted that today many interesting projects unfairly deprived of attention.
"For example, everyone is talking about three or four projects, which attracted $200 million in ICO, but there is a huge number of more interesting projects, about which the majority and not heard" — said the Creator of Ethereum.
According to Bloomberg, the company Token Report conducted a study, which concluded that of the 226 ICO startups only 20 projects (among them: Storj, Augur and TenX) has launched a normally operating network and to some extent achieved the goals. Tokens other projects are of a purely speculative nature.
According Coinschedule.com this year investors have invested $3 billion in 200 different ICO startups. Only September 37 primary offerings of coins has attracted investments in the amount of $850 million.
Translation Google