ICO have failed completely. People associate any mention of ICO only with scammers. As a tool for the development of start-UPS, they have completely exhausted themselves. And even if there is a really worthwhile ICO, in which it makes sense to invest money and get a good profit - people will simply pass by, not trusting them in any way.
I do not agree with your opinion. The ICO from the very beginning had to be organizationally regulated by the states in order to register and check the team for the possibility of fraud, given the amount they collect. Without such regulation, this is a natural ending to this type of activity. States are already finally developing rules for regulating ICO projects, and when this happens, this activity itself should restore its popularity.In the meantime, the ICO is still trying to survive. However, in the current conditions of the market decline, when new tokens immediately after the release of the exchange, the price drops many times, it is very difficult. New good ICO projects are still being found, but they are becoming much smaller. Perhaps this is also due precisely to the deteriorating situation in the market.
Well just because many scammers conducted ICOs for fake projects that were designed just to make them rich doe snot mean all ICOs were associated with scams and does not mean ICOs are a bad thing. I see many IEOs being conducted on various exchanges that are completely fake because the exchanges send fake data to Coinmarketcap and are actually owners of the scam IEOs which are being conducted on their scam exchanges.
Things might develop in the near future but for now the fact is IEOs could be in many cases far bigger scams than ICOs because the exchanges for those scams are in cahoots with them.
