The ICO phenomenon has sparked a creative and innovative flair in those young and old. The young are jumping in with naïve, but unlimited, energy and disrupting everything in their path, and the old are radiating caution and timing.
In this chapter, we learned what an ICO is and explained the concept of a token, along with some associated terminology. Several bitcoin bubbles were highlighted, only to discover that subsequent bubbles rendered the previous bubbles insignificant in comparison.
Several challenges were highlighted, such as the need for the development of infrastructure and increased education.
Finally, we learned about the new era of ICO innovation and what the future could bring.
Now that we have an insight into the potential of ICOs and blockchain technologies, we next look at the various token varieties and ICOs that have occurred over the past four years, starting with the very first one: Omni.