While ICO fundraising fell 95% from $7.8 billion in 2018 to $371 million last year, equity fundraising is thriving among crypto startups
Source: https://cointelegraph.com/news/report-ico-fundraising-plummeted-95-year-over-year-in-2019
Report: ICO Fundraising Plummeted 95% Year-Over-Year in 2019
March 23, 2020
CoinTelegraph