ICO and IEO market is kind of dead
We are seeing project raise funds in traditional ways now and i think this will ensure more quality projects and less scams appearing in the industry
For example look at TemTum - raised 10M USD, built their mainnet and apps before launching, now trading on two exchanges, good volume and an MOU with a nation state to run a digital currency for that country - i dont think this would have been achieved from a traditional ICO project as they dont answer to investors in the same way and see it as free money