12-26-2021, 06:25 AM
There were 26k blockchain projects launched in 2016 — 92% are now dead
<!-- SC_OFF --><div class="md"><p>So, you like to invest in shitcoins? Don’t be surprised if you lose everything.</p> <p>A <a href="https://thenextweb.com/news/deloitte-blockchain-26000-projects/amp">report by Deloitte</a> found that in 2016 there were over 26,000 blockchain-based projects launched on GitHub.</p> <p>The report shows that by 2017, only 8% of those 26,000 projects we’re still active in terms of development.</p> <p>Today there are 16,000 cryptocurrencies listed on CoinMarketCap. Chances are that MOST of these will be abandoned/rug-pulled or won’t achieve meaningful scale.</p> <p>It’s important to note that the report found that blockchain projects developed by blockchain organisations, rather than individual developers were almost twice as likely (15%) to remain active.</p> <p>Be careful what you invest in anon.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/TryingToMakeAMil"> /u/TryingToMakeAMil </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rokhbo/there_were_26k_blockchain_projects_launched_in/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rokhbo/there_were_26k_blockchain_projects_launched_in/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>So, you like to invest in shitcoins? Don’t be surprised if you lose everything.</p> <p>A <a href="https://thenextweb.com/news/deloitte-blockchain-26000-projects/amp">report by Deloitte</a> found that in 2016 there were over 26,000 blockchain-based projects launched on GitHub.</p> <p>The report shows that by 2017, only 8% of those 26,000 projects we’re still active in terms of development.</p> <p>Today there are 16,000 cryptocurrencies listed on CoinMarketCap. Chances are that MOST of these will be abandoned/rug-pulled or won’t achieve meaningful scale.</p> <p>It’s important to note that the report found that blockchain projects developed by blockchain organisations, rather than individual developers were almost twice as likely (15%) to remain active.</p> <p>Be careful what you invest in anon.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/TryingToMakeAMil"> /u/TryingToMakeAMil </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rokhbo/there_were_26k_blockchain_projects_launched_in/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rokhbo/there_were_26k_blockchain_projects_launched_in/">[comments]</a></span>Kind Regards R