In 2017, Initial Coin Offerings (ICOs) dominated as a new way for projects to raise funds publicly, outpacing traditional venture capital and private equity. This period favored original platform investments, promising quick returns for investors.
By 2021, Decentralized Finance (DeFi) emerged, diversifying the market and offering fast profits to those who moved swiftly.
Initial Exchange Offerings (IEOs) briefly allowed negotiation with projects for discounted shares, but legal risks have since restricted them to airdrops and market pricing. This change has stabilized project performance but lacks thorough vetting.
The 2024 market surge was sparked by a Bitcoin Exchange-Traded Fund (ETF), attracting substantial investment into leading projects and studios, boosting valuations and confidence.
Now, market dynamics are evolving again with intense competition among projects and sophisticated tools for risk management in both primary and secondary markets. Traditional strategies like ICOs and IEOs may not align with current market conditions.
Despite these changes, successful projects are rare across cycles, emphasizing the inherent risks in investing.
Invest cautiously in today's market, considering fundamentals beyond market value and circulation.