Last quarter we highlighted that blockchain technology funding is shifting dramatically to ICOs. This quarter we are taking a closer look on our blockchain technology research platform to examine funding by category. Our analysis reveals two important observations:
- The Mining category leads the sector in Q2 funding
- The Blockchain Innovations category dominates the sector in all-time funding
We’ll explain these observations with some graphics and discussions below.
The Mining Category Leads Blockchain Technology In Q2 Funding
To start off, let’s review the amount of funding raised this quarter by each category within blockchain technology.
The above graphic shows that the Mining category leads the sector in Q2 funding with $400M. The Blockchain Innovations category follows in a close second place with $386M. Its funding is almost 3 times higher than that in the next category, Exchanges at $145M.
So we’ve observed how different blockchain technology categories stack up in their Q2 funding. But how do these categories’ funding compare with each other historically? Let’s investigate that in the next section.
The Blockchain Innovations Category Dominates the Sector in All-Time Funding
The graph below shows the all-time funding for different blockchain technology categories. The Q2 funding and growth rates of these categories are also highlighted.
The bar graph indicates that Blockchain Innovations completely dominates the sector with $4.7B in total funding. This is more than four times the funding in the next category, Exchanges at $1.1B.
The Blockchain Innovations category contains companies that are working on blockchain distributed ledger technologies. Examples include increased speed for financial transactions, smart self-enforcing contracts, and cross-blockchain interoperability.
In addition, the line graph shows that the Mining category saw the highest growth rate in Q2 at 102%, thereby more than doubling its funding.
Conclusion: Mining and Blockchain Innovations Are At the Forefront of Blockchain Technology Funding
We’ve discovered that the Mining category leads in Q2 funding and had the highest growth percentage. In addition, the Blockchain Innovations category dominates the sector in all-time funding. It’ll be interesting to see if any other blockchain technology categories will catch up in the rest of 2018.
To learn more about our complete blockchain technology report and research platform, visit us at www.venturescanner.com or contact us at [email protected].