Mark Cuban, the famous investor and Bitcoin skeptic, is planning to invest in his first ICO, the e-sports betting platform Unikrn.
The Rise of ICOs
In the last couple of months, more and more projects and startups are raising money through an Initial Coin Offering or ICO.
Status is another example of a startup that raised money through an ICO process.Within 24 hours, the startup was able to raise close to $100 million in funds. But some analysts and experts actually think that the current state of ICOs may be damaging for the cryptocurrency ecosystem.
In a recent tweet, William Mougayar, who organized a Token Summit in New York, criticized this current “Gold Rush” mentality of ICOs.
Welcome to the junk tokens phase of ICOs. More $ raised doesn’t mean you can jump-start an ecosystem of developers or a user community.
— William Mougayar (@wmougayar) June 22, 2017
Although many experts have a split opinion on the ICOs, many see it as the future of venture capitalism and the way VC firms will raise money in the future.
Mark Cuban: Bitcoin Skeptic
In a recent tweet, famous investor and owner of the Dallas Mavericks Mark Cuban recently tweeted about …
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