ICOs Delivered At Least 3.5x More Capital Than VC Since 2017
ICOs Delivered At Least 3.5x More Capital To Blockchain Startups Than VC Since 2017
Yesterday, Crunchbase News found that, for 2018, the amount of money being raised by blockchain and blockchain-adjacent companies via traditional VC rounds is on pace to surpass 2017’s highs.
But despite over $900 million in recorded venture funding in 2017, and over $375 million in known venture funding for the first two months of 2018 so far, traditional VC rounds – convertible notes seed, angel, Series A, Series B, etc. – now pale in comparison to ICOs in terms of dollar volume.
Chances are that if you’re reading this, you’ve at least heard about initial coin offerings (ICO). Even if you’re not a traditional VC, you may have invested in one.
The original aim of bitcoin and most of its many descendendants was to up-end a monetary system reliant on central banks and trusted third parties. It’s no small wonder that crypto-enthusiasts have devised a way to circumvent the old process of raising capital to fund new projects, which traditionally is deeply embedded in old-school banking culture and trust.
Venture Capital is moving to the Blockchain!Tokenization will disrupt the ownership of trillions of dollars worth of funds, companies and assets. SPiCE VC is leading this revolution.
Professionals typically have their profiles on Linkedin, as well as other professional social networks and job portals.
Thanks to blockchain technology and Profede's protocol:
● Professionals will be able to control their own data: They decide who can access their data and which parts of it.
● Professionals will get compensated in tokens for the exchange of their data.
● Professionals set their own price and therefore will feel fairly compensated every time a business gets in touch with them.
● Professionals have a portable professional profile and reputation. They will not need to rely on a centralized platform.
I am really excited about the next beBee using this protocol !!
Profede is using blockchain to bypass the intermediaries in the professional world and create a direct connection between professionals and businesses. On the Profede Professional Ecosystem, professionals control their personal data and get paid each time businesses access it to offer them a uniquely targeted job offer, a commercial offer, or a specific business proposal. Profede brings essential value to professionals and businesses by making data valuable and eliminating intermediaries.
On our ideal platform we should give the power back to the user. Professionals should control their profile, decide who has access to their data and are paid each time businesses or other professionals use their data for any purpose. We want to create technology that allows professionals to easily store and manage their profiles, that are accessible by third parties.
The future beBee will allow businesses to make appropriate payments for a professional's data regardless of the organization in which that person's information is located. Intermediaries will be eliminated and interactions will be facilitated by the network itself. Instead of paying any middleman, businesses automatically make customized offers directly to professionals based on their reputation and profiles through a decentralized platform.