[P2P-F] Fwd: State of Blockchains - Q3 Released

Mon Nov 26 12:36:40 CET 2018

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From: Outlier Ventures <contact at outlierventures.io>
Date: Fri, Nov 23, 2018 at 6:34 PM
Subject: State of Blockchains - Q3 Released
To: <michelsub2004 at gmail.com>

Outlier Ventures Weekly Brief Issue #2 |   View Online
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<contact at outlierventures.io>   contact at outlierventures.io
The Weekly Brief
November 23
*The Week in Convergence*
*State of Blockchains - Q3*
*Markets Turn To Professionals*
<https://outlierventures.us9.list-manage.com/track/click?u=65ae955d98e06dbd6fc737bf7&id=fc6fb9c748&e=f36a57a447>

*What's going on?*

The total market capitalisation of all actively traded tokens has reduced
to a low of $141 billion from a high of close to $800 billion at the
beginning of the year. While the pace and extent of the “dip” may have come
as a surprise to many, *we had anticipated a winter.
<https://outlierventures.us9.list-manage.com/track/click?u=65ae955d98e06dbd6fc737bf7&id=60deb3885f&e=f36a57a447>*
The fall in token prices have also affected how startups in the space have
been raising money and deploying them too. Token sale events raised a
little over $1 billion this quarter, a decline of over 74% from Q1
2018.  Estimates also indicate that September saw only $150 million being
raised through token sales. Would this mean the ecosystem is all set for
doom and gloom? Data suggests otherwise.

*Our quarterly state of blockchains deck
<https://outlierventures.us9.list-manage.com/track/click?u=65ae955d98e06dbd6fc737bf7&id=cb274396bb&e=f36a57a447>*recently
explored the maturing of the ecosystem by putting venture capital in the
space in the context of the changing funding landscape around token sales.

Here are some key findings.

1. VC Investments have surged from a total of $900 million in 2017 to $2.85
billion this year.
2. VCs are active across all funding stages with 119 deals disclosed this
quarter, the most ever as good projects
3. The US continues to dominate investments in the industry.

What next?

Our Partners, Eden and Aron have a few thoughts on the matter

*“This quarter saw significant negative sentiment around utility tokens
from an investment standpoint. Many investors have grown frustrated
over-regulation and exasperated over valuations of tokenized networks. This
represents a new cycle back towards equity-based blockchain investments
until the crypto community makes advances in validating tokens as a new
asset class with viable business models. That said, projects with well
designed token economies are still finding support from the community
and** increasingly
from VCs.”*
<https://outlierventures.us9.list-manage.com/track/click?u=65ae955d98e06dbd6fc737bf7&id=11361d38af&e=f36a57a447>
*- Eden Dhaliwal,
<https://outlierventures.us9.list-manage.com/track/click?u=65ae955d98e06dbd6fc737bf7&id=a2da132757&e=f36a57a447>*
Partner and Head of Crypto-economics

*“As we see the focus of early-stage investment into tokens shift away from
tech-savvy retail investors toward VCs, hedge funds and ultimately larger
institutional investors, we’re seeing a large growth in new businesses and
services enabling the larger institutional investors to enter the space.
Self-sovereignty means self-responsibility, and when your private keys are
lost or stolen there is no broker to call. Institutional investors have a
need to reduce that technical complexity and risk. New players solve that
problem; from institutional-grade custody providers to trading platforms
offered by the financial incumbents.”*
*- Aron Van Ammers,
<https://outlierventures.us9.list-manage.com/track/click?u=65ae955d98e06dbd6fc737bf7&id=8155a3f092&e=f36a57a447>*
Founding Partner of Outlier Ventures

In other words, as the ecosystem matures, it is likely that traditional
forms of capital play a key role in venture building and helping networks
capture their initial userbases. The funding landscape within the
blockchain community has consistently backed and helped scale companies
that have found their product-market fits. As token sales decline in the
count and raise, we will see more teams turning towards venture capital to
launch their projects.

Read the entire *State of Blockchains Report here
<https://outlierventures.us9.list-manage.com/track/click?u=65ae955d98e06dbd6fc737bf7&id=5bffaab530&e=f36a57a447>*for
more on the matter.
<https://outlierventures.us9.list-manage.com/track/click?u=65ae955d98e06dbd6fc737bf7&id=b7e055fe75&e=f36a57a447>

More From The Team

While much of the market has been keeping its eyes peeled on the charts,
the team at Outlier Ventures has been hard at work. Here are some updates
from the team

1. *Evaluation of Privacy-Preserving Technologies for Machine Learning
<https://outlierventures.us9.list-manage.com/track/click?u=65ae955d98e06dbd6fc737bf7&id=a70d08a3b7&e=f36a57a447>*
Florian Apfelbeck explored approaches for preserving privacy as applicable
to machine learning in Fetch as a part of our on-going research programme
with Imperial Centre for Cryptocurrency Research and Engineering. Read the
post *here.*
<https://outlierventures.us9.list-manage.com/track/click?u=65ae955d98e06dbd6fc737bf7&id=72c8eb91fd&e=f36a57a447>

*2. Reading between the lines of the UK Crypto-assets task force report
<https://outlierventures.us9.list-manage.com/track/click?u=65ae955d98e06dbd6fc737bf7&id=43e55e5e3c&e=f36a57a447>*
Our head of legal - Jocelyn Roberts provides inputs on what the crypto-asset
task force report
<https://outlierventures.us9.list-manage.com/track/click?u=65ae955d98e06dbd6fc737bf7&id=f1e1dcfeb2&e=f36a57a447>could
mean for the industry and how the regulatory landscape could evolve in the
year to come. More

*here.
<https://outlierventures.us9.list-manage.com/track/click?u=65ae955d98e06dbd6fc737bf7&id=6f6f0cc83f&e=f36a57a447>
3.Outlier Ventures and Imperial College Hackathon: Blockchain, Smart
Contracts & Token Economy
<https://outlierventures.us9.list-manage.com/track/click?u=65ae955d98e06dbd6fc737bf7&id=a3925a3cf2&e=f36a57a447>*
ChainHack24 brought together the 50 brightest minds from Imperial College.
Outlier Ventures was a sponsor for the event. Learn more about what the
leading teams built from Catherine's post *here.
<https://outlierventures.us9.list-manage.com/track/click?u=65ae955d98e06dbd6fc737bf7&id=f5a9ddda81&e=f36a57a447>*
Tweet Of The Week

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Balaji S. Srinivasan
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@balajis
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<https://outlierventures.us9.list-manage.com/track/click?u=65ae955d98e06dbd6fc737bf7&id=77195810a8&e=f36a57a447>[image:
tw]
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Blockchains are the next step after open source, as they provide open data
& open execution. You don’t just see the source code with something like
Bitcoin or Ethereum. With a full node you see all historical data, all
pending writes, and can retrace every step of code execution.
8:31 PM - 21 Nov 2018
[image: tw]
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[image: tw]
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[image: in]
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