The beginning of a new era:
The Securities and Exchange Commission has qualified what is essentially an initial coin offering (ICO) by Blockstack.
In its $28 million Regulation A+ offering, the company will sell “utility tokens” that do not provide any equity interest in the company to be traded on the Blockstack network, a blockchain-based software platform on which developers can build applications.
Blockstack is a pioneer of sorts, having spent, according to the Wall Street Journal, over $2 million and 2 years working with the SEC to find a path to legitimacy for their ICO.
This may invigorate the ICO wave which has dropped from raising $6.9 Billion in unregulated offering in the first quarter of 2018 to $118 million in the first quarter 2019.