The market for ICOs is exploding. Investors have poured over $3bn into more than 200 ICOs this year, according to data from Coinschedule.com, and the tech-savvy Russia is a major player in the game.

At the crossroads between crowdfunding and traditional IPOs, Russians already account for a disproportionately high share of ICOs. Hype or revolution? Still in its infancy, the question of where the blockchain technology will go remains an open question.

bne IntelliNewseditor-in-chief Ben Aris caught up with three experts on the topic in Moscow:

Pavel Suhachev, co-founder of KEYICO, an international consortium providing a turnkey solution including legal, marketing and financial expertise to companies looking to ICO.

Vlad Dobrynin, CEO of Humans, a US-based online business, which brings together people offering their skills and people in need of jobs done. Humans plans to provide additional services in the future, ranging from blockchain backed financial services, peer-to-peer lending, sharing of goods and assets, currency exchange, promotions and advertising.

Tom Blackwell, CEO of EM, a leader in financial communications of IPOs coming out of Russia and the CIS. EM is also involved in several upcoming ICOs.

Ben Aris, editor-in-chief of bne IntelliNews

Pavel Suhachev, co-founder of KEYICO

Vlad Dobrynin, CEO of Humans

Tom Blackwell, CEO of EM