Unfortunately, ICO discredited themselves because of scam, failure to fulfill obligations to bounty hunters, investors. Yes, there were a lot of fairly successful fundraising for the development of the project, but the overall impression is perhaps negative.
I still find incredible how scammers can kill a market that at the time seemed to be unstoppable, there was a lot of money moving in icos and this was because people were excited about the possibility of bringing a huge change to the world, but then scammers entered this market and took advantage of the model and made untold fortunes with it.
But now even a legitimate project that tries to create an ico is unable to gather any interest from investors regardless of its quality and the same is happening to ieos as we speak.