While the digestion of gains made throughout 2017 has been amongst the most widely recognized theme of 2018, virtually every aspect of the cryptoasset space saw ongoing development, considerable amounts of which were supported by equity sales and venture capital funding. This suggests that a range of actors—from start-ups, to name brands, long-established companies, investment firms, and even governments—remain committed to erecting the infrastructure for a larger, farther-reaching, and more impactful cryptoasset ecosystem.
The industry of token-based projects in 2018 Q2 saw development along a variety of axes, as projects continued to raise funds, build their applications, and work within regulatory regimes. The space is more robust than an initial view of the aggregate funding or overall market trends would suggest, a conclusion supported by the prominent trends in the diversification of smart contract platform development, token sales in a variety of market sectors, and initial integrations with existing financial structures through Regulation D/SAFT registered offerings. This article takes a deeper look at 2018 Q2’s most significant developments, and considers why these themes point towards a maturing market in certain respects.