THE BAREFOOT VC \ July 2017
There is also a lot of buzz about ICO’s, or initial coin offerings, a new asset class of cryptocurrencies being issued in crowdsales to fund development of projects on top of Bitcoin or Ethereum (or in some cases, entirely new protocols). I spoke at the inaugural Ethereal Summit in Brooklyn on May 19th on this topic, stating that there is undoubtedly a bubble in the market, driven by speculation. I also said that I think these ICO’s can eventually change the world.