If you have been following the crypto market recently, you will surely have noticed that airdrops (free token distribution) are gradually fading, while ICOs (Initial Coin Offerings) are making a strong comeback. Furthermore, we are also witnessing a shift from VC (Venture Capital) style fundraising to decentralized fundraising methods.
ICOs are not something new, and some well-known coins in the crypto market, such as Ether and Augur, have been distributed through ICOs. However, we can see that ICOs made a strong comeback in 2025, after a long period during which projects primarily raised funds through agreements with venture capital funds.