Initial coin offerings have raised over a billion dollars for early stage startups in the past year. And they’ve done it with blinding speed: Status.im, a browsing/messaging app, raised $100 million in under three hours. Brave, a browser startup launched by former Mozilla CEO Brendan Eich, raised $35 million in under 30 seconds.
The kicker?
The pace of this almost magical wealth creation seems to be doubling on a monthly basis, according to CoinSchedule stats: