Electricity blockchain startups raise $ 600 million
Projects today are developing largely thanks to the investments of private entrepreneurs. Businessmen are constantly looking for new ways to increase their income. Many do this through financial support for young projects. At the moment, Blockchain is so developed that it was able to attract $600 million into its electricity industry. What does this mean for a simple cryptocurrency owner? Let’s get it right.
What blockchain startups are we talking about?
Today, there are 234 projects running on the Blockchain in the world. Everyone of them is focused on the electric power industry:
- 4 of them are located in Russia;
- 50 are located in the USA;
- 2 startups are located in Germany;
- 15 are located in the Great Britain;
- 13 in Australia and Japan;
All startups are developing cheaper analogues of the used electricity. The projects also solve environmental problems. Among other things – deforestation for the construction of power plants. Such a large investment comes mainly from ICO. During the initial collection of tokens for all time, the electric power industry managed to raise about $290 million. The remainder of the funds comes from classic investments.
Nevertheless, the intensity of development of electric power projects is significantly reduced. Experts say the reason is the decline in mining popularity.
What does investment mean for us?
First of all, a possible reduction in the cost of cryptocurrency mining. Startups are actively looking for ways to mine cryptocurrency. Without spending a lot of electricity. If successful, everyone will be able to earn in the crypto industry and not spend huge money.
Also, large volumes of cash injections alienate us from environmental disasters caused by electric power stations. Thus, we are convinced that the development of the Blockchain-electric power industry is useful to everyone. That is why everyone should choose a project and invest at least a small amount in it. We have no doubt that a promising industry will bring income.
You can find a suitable project at listico.io
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