Blockchain and Cloud Storage: Transactions

This is the second in a multi-part series that will focus on the growth, investment, and M&A trends in the blockchain and cloud storage industry. While transactions in the blockchain cloud storage market are still few, breaking the industries apart shows an evolving blockchain market and a maturing cloud industry. Despite the industry being very young, the blockchain cloud storage industry already has a market cap of over $1 billion, for only 13 coins related to storage[1]. ICO Funding for Sia, MaidSafe, Storj and Filecoin add up to $300 million with $1.5, $7, $30, and $257 million respectively[2]. Technically, Sia performed a TSO – Tokenized Security Offering – to differentiate between utility and fundraising tokens. This excludes the numerous coins for which data is unavailable, or that have only recently had an ICO. The blockchain market in general had over $2 billion in funding in 2017 alone[3]. A large amount comes from ICOs, but equity funding still…

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