Of course, just do some research to choose the right project. You can look into Black Eye Galaxy, it's a decentralized cross chain NFT token that enables users to buy a solar system and planets. People can earn by staking.
This is very important in Crypto general, but especially with alt coins, ICO, IDO and NFTs.
Make sure to do your own research and only invest what you can lose.
An interesting IDO I am personally looking into is Black Eye Galaxy. Black Eye Galaxy is a decentralized NFT token. Players buy planets, starships and space stations. All as NFTs. Each planet will have it's own resources which can then be mined by staking. After a new planet is discovered it will be sold on the marketplace. The person that originally found it earns 40% of the revenue while another 10% goes to his civilization.