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Investment in blockchain startups ‘to hit $3bn by end of 2017’

Blockchain

Funding into blockchain startups should clear the $3bn mark by the end of this year.

That’s according to a report released by technology market monitoring firm Novum Insights, which also found that the UK – followed by Ireland, Singapore and China – has been ranked second in terms of the funding received.

Funding into blockchain companies, the report adds, is up 340% when compared to the $2.4bn raised last year.

Some 25% of the money invested, the report says, has come from venture capital investors, while the remaining 75% has been procured by Initial Coin Offerings or ICOs.

The US is the clear leader in terms of investment in the blockchain space, with $1.3bn going into companies working with distributed ledger technology....