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14 December 2019

Industry Investors Shift Focus From Crypto to Convergence Apps: Report

Industry Investors Shift Focus From Crypto to Convergence Apps: Report


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The year of 2019 has witnessed a shift in investments from focusing purely on digital currency to convergence applications, according to a new report from Outlier Ventures published on Aug.

Increased interest among early stage investors ostensibly results from massive returns from early investments in Bitcoin (BTC) and Ether (ETH).

When it comes to early stage financing, the report states that the seed stage sees about 30 times the amounts that pre-seed raises, while Series A round produces 10 times what seed stage rounds do.

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cointelegraph.com
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