I am kind of surprise that ICO is still accumulating huge fund despite all that was done in 2017. Although I have always known that in the crypto space, anything is possible and this is one of the impossibilities that has now become possible. If this project is what is expected to form the ETH update, then it is on the right track.
Not every ICO project will be able to raise very high fund. Trying that might be a waste of time for so many of them, except they source of the right and ready investors.