Of course, now there are much fewer new ICO projects than in previous years, and this is understandable. After all, the excitement with ICO projects has already passed, besides, there are also fewer new ideas, and this is quite logical. Despite the fact that there are still a lot of fraudulent ICO projects, it seems to me that in general there are much fewer of them and the quality of projects is improving. This is due to the fact that investors are gaining experience and often bad and fraudulent ICO projects have practically stopped collecting easy money from gullible investors.
Bounty hunters are making much less money, but ICO teams are less likely to cheat and abuse KYC checks.
In general, we expect the emergence of new directions for the development of ICO projects similar to DeFi, as well as certain organizational regulation of this type of activity. Therefore, there are still hopes for good ICO projects.