ICO Remember when

blockchain was a 'new' name and concept? How about

Bitcoin and cryptocurrencies

? Well, here is the natural progression of that

AND

the hot 'new' way to raise capital. An

ICO...Initial Coin Offering

. Relatively new, yet it has already raised over $380M for projects

AND

while it has a whole lot of

"IFs",

it has a whole lot more possibilities. So far the SEC is quiet on ICOs since they probably just woke up to what the real world is doing and they're still toasting their "Bernie Madoff discovery". Personally,

I

LOVE the ICO

.

(Bill Taylor, CEO)

"You’ve may have heard that term “initial coin offering” but don’t quite fully understand it. Even the people holding ICOs or buying tokens in them may not fully grasp what’s going on either.

A few things we can establish: An ICO is what you get if bitcoin and Kickstarter had a baby — a crowdsale of a new crypto asset (with a cryptocurrency like bitcoin being one type of crypto asset) that powers some kind of peer-to-peer blockchain network. They enable new business models. They are making a lot of money for the developers and entrepreneurs who are launching them. And we’re not really sure how legal they are. But there is a lot of speculative activity, irrational exuberance and activity we would call illegal if this were something that was regulated by the SEC — and so far they’ve kept mum about the subject.

But clearly, something is afoot, and that’s what prompted William Mougayar, general partner at early stage fund Virtual Capital Ventures and author of The Business Blockchain, to launch Token Summit, a conference next week where the leaders of this cutting-edge industry will discuss the trend.

“I’m not excited by new tokens per se but I’m excited when I hear of a new business model that is enabled by the token or cryptocurrency,” says Mougayar in the latest episode of my podcast, Unchained (Google Play, iTunes, iHeartRadio, Stitcher or TuneIn Radio). “I’m more excited by how a given token, which is a kind of currency, is going to enable us users — society, government, whoever — to do things we could not do before, and that’s the frontier I think we’re barely scratching the surface of now.”...

Source: Forbes