ICO mania will no doubt run its course, as all such financial manias do. But in the meantime, people will be hurt and there will be a painful correction. The one upside is this: As in the wake of the dot-com implosion, serious developers and investors will continue to work to build what will be a more robust network and foundation for the future of the blockchain and cryptocurrencies.

https://www.wired.com/story/ico-cryptocurrency-irresponsibility/