Many ICO-funded projects are struggling with adoption and growth, facing challenges in the market.

From Cointelegraph

August 24, 2024 09:01 AM:

Many projects that raised millions during the ICO era are now struggling to gain traction in the market. This indicates a shift in the industry as investors become more discerning about where they put their money.

Despite raising significant amounts of funds, these projects are facing challenges when it comes to adoption and growth. This has led to some projects shutting down completely or pivoting their business models to stay afloat in the competitive market.

Investors are now more cautious and selective in choosing which projects to support, leading to increased scrutiny on the viability and potential of ICO-funded projects. This change in investor behavior is reshaping the landscape of the cryptocurrency industry and forcing projects to rethink their strategies for success.

Read more at CoinTelegraph: Whatever happened to the 10 biggest projects from the ICO era?