First Blood, an online gaming company selling tokens to be used as rewards within its games, capped its September 26 ICO at $5.5 million. The sale was over in five minutes. A company that was less than a year old was able to raise more than $1 million per minute. Ethereum’s crowdsale had taken about two months; the sale for Joey Krug’s prediction market Augur took about a month; DigixDAO, the project that wanted to tie tokens to gold bars, had its sale in less than a day; and First Blood’s took five minutes. They had all raised at least $5 million.
