Yes it's that there are lots of ICO appearing almost everyday. Most of them are not realistic of their ideas and concept. But, there are some which are feasible and have higher chances of getting into operations. If you are an investor be sure to study them before investing.
Nowadays, all things you can see from the ICO projects are only the data on paper.
The promise? The future? The first? Etc. I do not trust anything.
Many ICO projects have the same idea, but almost the ICO projects are the failure.
For me, at the moment, someone spending money to invest into ICO like the gambling, because the risk of this field is very high!