The ICO craze brought significant attention to blockchain projects, highlighting the potential for raising substantial funds and driving innovation in the space.

More money has been raised in ICOs than has been delivered in venture capital to companies in 2018 thus far, which raises concerns about the ICO industry. The ICO industry has developed norms and standards over the last four years, but the rapid growth in this space is concerning rather than positive.

Initial Coin Offerings (ICOs) represent a new trend in early-stage fundraising, allowing companies to raise money online without traditional meetings with investors.

The demand for ICOs indicates a strong interest in investing in startups, but it also reflects a tendency for investors to believe in ideas that may not be sound.

An ICO, or Initial Coin Offering, is a fundraising method where a company issues tokens to raise money for the development of a new network and to ensure early distribution of those tokens.

The current excitement around ICOs and cryptocurrencies reflects a significant shift in how projects can be funded and developed in a decentralized manner.

Investors are increasingly able to invest in both equity and tokens simultaneously, with evolving structures in the ICO market reflecting this trend.

As the ICO market matures, we are seeing a convergence towards traditional venture capital practices, including vesting schedules and lockups for investors to align incentives better.

The current trend in the ICO market is towards liquidity, but early investors may still be locked up for a significant period to ensure their support for the company.