VR concerts startup Ceek to use blockchain smart contracts

Ceek is one of the startups looking for a business model in broadcasting music concerts in virtual-reality. Now it’s adding a splash of blockchain technology into its mix, and yes, inevitably this involves a token sale. “Ceek tokens can be used to purchase VR event tickets and access VIP interactions with artists,” explained tech site TheNextWeb. “Users […]

Report claims 46% of ICOs from 2017 are already defunct

Fears that the mania for blockchain startups and initial coin offerings (ICOs) are a bubble will hardly be assuaged by a new report published by news site Bitcoin.com. “Tokendata, one of the more comprehensive ICO trackers, lists 902 crowdsales which took place last year,” it explained. “Of these, 142 failed at the funding stage and […]

Blockchain startup Guts Tickets raises $2.5m (so far) from ICO

Dutch startup Guts Tickets is one of the companies exploring blockchain technology’s potential for the music industry – but in its case, the focus is on selling tickets rather than recorded music. The company has just raised $2.5m through 2017’s buzziest funding mechanism: an initial coin offering (ICO). However, this is just from the pre-sale: […]

ICOs raised $797m in the second quarter of 2017 alone

Despite being banned in China and regulated more strictly in the US, initial coin offerings (ICOs) for blockchain-based startups are going to be drumming up large amounts of funding for a while yet. A new report by Coindesk quantifies the ICOs market before the two crackdowns above were announced: it claims that ICOs raised $797m […]

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