ICOs (Initial Coin Offering) are building businesses within blockchain space the more the merrier it is to whole ecosystem to grow and mature.
Summer was season of ICOs this year, wow everyday new startup and ICO...
Not all businesses will survive after their ICOs, but I think they do attract and progress some way or another to improve infrastructure of the blockchain businesses.
It looks like, in 2017 - ICOs collected x20 times more money compare to 2016 and number of startups grow x4 times. Images are courtesy of the coinschedule which gives great overview of the ICOs.
Diversity of the categories are also growing which means there are more projects trying to solve different problems.
It is exciting times certainly to watch the space and you are one of the lucky ones to be among them because you are on Steem and know about blockchain more.
I even noticed mainstream companies/startups doing crowdfunding in blockchain space just because it is easier to get funded and start working on their life long project dreams.
The flip side though that it is getting hard to know what startup is genuine and team has enough experience to deliver what they promise.