> There is not a single profitable company that came out of the excess of $20 billion poured in. Startups have a high failure rate, but a 100% failure rate is unheard of.
The article supports that with a paywalled link to Financial Times. Here's the full-text archive: https://archive.is/yMsep
If you read it, you'll see that it says no such thing, and in fact mentions a number of major ICO projects that delivered. Their first example is Filecoin, whose purpose was to create an economy of peer-to-peer data storage. It's live now with over an exabyte of capacity.
Various smaller ICO projects not mentioned in the article have also delivered. Two I'm familiar with: Funfair, which does regulated gambling on Ethereum, and Monolith, which puts tokens on VISA cards for spending, without having to take custody of them.
The article supports that with a paywalled link to Financial Times. Here's the full-text archive: https://archive.is/yMsep
If you read it, you'll see that it says no such thing, and in fact mentions a number of major ICO projects that delivered. Their first example is Filecoin, whose purpose was to create an economy of peer-to-peer data storage. It's live now with over an exabyte of capacity.
Various smaller ICO projects not mentioned in the article have also delivered. Two I'm familiar with: Funfair, which does regulated gambling on Ethereum, and Monolith, which puts tokens on VISA cards for spending, without having to take custody of them.