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The Power to Mint Money

Bankless

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The ICO Rollercoaster: Rise and Collapse

This chapter explores the evolution of Initial Coin Offerings (ICOs), beginning with Ethereum's groundbreaking launch in 2014 and the surge of interest in 2017. It discusses the dual nature of the ICO boom, illustrating both the potential for revolutionary fundraising and the rampant corruption that accompanied it, leading to numerous failed projects. The speakers reflect on the speculative nature of the market, the absurdity of certain token concepts, and the significant regulatory concerns that emerged following the industry's tumultuous growth.

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