Venture capitalists are investing huge sums into blockchain projects, despite the prevalence of ICOs as a form of fundraising in the space.

According to a study by Diar, with data provided by Pitchbook, the first three quarters of 2018 have seen more than $3.9 billion raised for blockchain projects through traditional VCs, which is a massive 280 per cent increase from 2017.
The report reads: “Initial Coin Offerings (ICOs) were supposed to disrupt how early ventures raise capital. And many were calling for the end of venture capital as we know it.

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