philip lelyveld The world of entertainment technology

What the Hell Is an Initial Coin Offering? ICO

(philnote: this is an excellent short explanation of ICOs.)

A token sale is like a crowdfunding campaign, except it uses the technology behind Bitcoin to verify transactions. Oh, and tokens aren’t just stand-ins for stock—they can be set up so that instead of a share of a company, holders get services, like cloud storage space, for example.

See the full story here: https://www.technologyreview.com/s/608799/what-the-hell-is-an-initial-coin-offering/?utm_source=MIT+Technology+Review&utm_campaign=22befeee23-Weekend_Reads&utm_medium=email&utm_term=0_997ed6f472-22befeee23-153894145&mc_cid=22befeee23&mc_eid=cf24d7da5b