Big-ticket ICOs may be on the way out.

Good evening. I'm Mark Hoxton, and this is late confirmation from Coindesk, bringing you the top

stories from Friday, September 7th. The pioneer of the proof-of-state consensus model has developed a new

approach that he believes is more scalable.

And crypto payments firm Wire has acquired a smart contract startup originally backed by investor Tim Draper.

We'll also hear from CoinDesk reporter Nick Day about some developments in the EOS network

that may be welcome news for developers on this young platform.

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Signs suggests that the era of big number initial coin offerings, or ICOs, is coming to an

end.

At least that's the sentiment coming out of this week's

Republican, held in Manhattan. Republicans that was not the political party, that was the company

republic, I should clarify. Indeed, July was a slow month with CoinDesk's ICO tracker showing

that project founders didn't manage to break even a billion dollars in terms of

their fundraising. However, there's still a lot of money trading hands. Well, everyone agrees that

2017 was the raucous year, with ICOs garnering huge sums of money based on what you could call

our unrealistic expectations, 2018 topped last year's numbers by April.

What does seem to be the case is that public-facing sales, that is the kind of eye-popping

...