ICO季节达到顶峰，投资者预计数字资产融资将激增

随着牛市的到来，新的 ICO 热潮正在兴起，贝莱德 (BlackRock) 和富达 (Fidelity) 等大额机构投资者的进入就是标志。尽管人们对 Bitconnect 等过去的骗局持谨慎态度，但这种复苏的特点是尽职调查、合规性、投资者可及性和可靠回报的加强。然而，怀疑依然存在，因为市场可能仍会目睹以模因币狂热和其他新颖投资工具形式出现的骗局和骗局。

As ICO Season Reaches Its Zenith, Investors Anticipate a Surge in Digital Asset Fundraising

随着 ICO 季节达到顶峰，投资者预计数字资产融资将激增

Amidst the bustling event season, investors eagerly anticipate a surge in Initial Coin Offerings (ICOs), signaling a transformative period in the digital asset fundraising landscape. This impending ICO boom is poised to mirror the conventional financial ecosystem, fueled by an influx of large-scale investors, including reputable institutions such as BlackRock and Fidelity, who are increasingly committing substantial funds to digital assets.

在热闹的活动季节，投资者热切期待首次代币发行（ICO）的激增，这标志着数字资产筹款格局的变革时期。即将到来的 ICO 热潮将反映传统的金融生态系统，受到大规模投资者涌入的推动，其中包括贝莱德和富达等信誉良好的机构，他们越来越多地向数字资产投入大量资金。

This time around, the fundraising surge will be driven by advancements in real-world asset tokenization, the emergence of DePIN (Decentralized Physical Infrastructure Network) and AI (Artificial Intelligence) solutions, as well as innovative developments in DeFi (Decentralized Finance), particularly layer-2 solutions and ZK rollups.

这一次，融资激增将由现实世界资产代币化的进步、DePIN（去中心化物理基础设施网络）和AI（人工智能）解决方案的出现，以及 DeFi（去中心化金融）的创新发展推动，特别是Layer-2 解决方案和 ZK rollups。

The Crypto Industry's Lessons from Past Failures

加密行业从过去的失败中吸取的教训

The tumultuous events of 2022, exemplified by the collapse of FTX and Celsius, left many prominent investors reeling from financial losses. The cryptocurrency industry continues to grapple with the aftermath of those events, reflected in investors' hesitancy to plunge headlong into another round of potentially imprudent fundraising.

2022 年发生的动荡事件，以 FTX 和摄氏度的崩溃为代表，让许多知名投资者遭受了财务损失。加密货币行业仍在努力应对这些事件的后果，这反映在投资者犹豫是否要一头扎进另一轮可能不谨慎的融资中。

Moreover, the ICO boom of 2018 stands as a stark reminder of its ultimate failure. Characterized by minimal due diligence and a reckless influx of VC funds into various projects, that era cast a long shadow over the industry's reputation.

此外，2018 年的 ICO 热潮清楚地提醒人们其最终的失败。那个时代的特点是尽职调查最少，风险投资基金不计后果地涌入各种项目，给该行业的声誉蒙上了很长的阴影。

In 2018, over $7 billion was poured into ICOs, often based on mere conversations at cryptocurrency events. Unfortunately, the most notorious accounts were those of fraudulent schemes, forever tarnishing ICOs with the stigma of scams. The infamous Bitconnect Ponzi scheme, which lured investors with promises of exorbitant returns and ultimately inflicted losses of $2.4 billion, remains a cautionary tale. As a result, investors approach ICOs with lingering apprehension as the next bull market approaches.

2018 年，超过 70 亿美元的资金投入到 ICO 中，而这些资金往往仅仅基于加密货币活动中的对话。不幸的是，最臭名昭著的账户是欺诈性账户，它们永远给 ICO 蒙上了欺诈的污点。臭名昭著的 Bitconnect 庞氏骗局仍然是一个警示故事，该骗局以过高的回报承诺吸引投资者，并最终造成 24 亿美元的损失。因此，随着下一个牛市的临近，投资者对 ICO 仍心存疑虑。

Despite Cautions, an ICO Boom is on the Horizon

尽管谨慎，ICO 热潮即将来临

Despite these concerns, signs of a resurgent ICO boom are unmistakable. CryptoRank reports a two-year high in monthly token sales, while RootData has documented a surge of 52% in VC investments in crypto projects between February and March.

尽管存在这些担忧，但 ICO 热潮复苏的迹象是显而易见的。 CryptoRank 报告称，每月代币销售量创两年新高，而 RootData 记录，2 月至 3 月期间，加密货币项目的风险投资激增 52%。

Nevertheless, investors have learned their lessons from 2018, and new projects seeking funding will face heightened scrutiny from both investors and regulators. This will result in a higher likelihood of survival and fewer monetary losses. The upcoming ICO boom will operate with greater organization and adhere to stricter due diligence protocols.

尽管如此，投资者已经从 2018 年吸取了教训，寻求融资的新项目将面临投资者和监管机构的严格审查。这将导致更高的生存可能性和更少的金钱损失。即将到来的 ICO 热潮将以更强大的组织运作，并遵守更严格的尽职调查协议。

Heightened Scrutiny from VCs

风投加强审查

VCs have become far more discerning, demanding well-developed whitepapers with substantiated financial projections and reliable revenue forecasts before allocating funds. The days of approaching investors with rudimentary business plans are long gone.

风险投资公司的眼光变得更加敏锐，在分配资金之前要求提供完善的白皮书，其中包含经过证实的财务预测和可靠的收入预测。向投资者提供基本商业计划的日子早已一去不复返了。

This time, ICOs will be conducted in a manner markedly different from those witnessed in 2018. Due diligence, compliance, investor accessibility, and stable returns will take precedence.

此次 ICO 的实施方式将与 2018 年明显不同。尽职调查、合规性、投资者可及性和稳定回报将被优先考虑。

Nonetheless, as the bull market gains momentum, investors must remain vigilant against the potential rise of scams and rug pulls. These unscrupulous practices may continue to attract funds through alternative channels, such as the meme coin craze and other novel, innovative avenues.

尽管如此，随着牛市势头增强，投资者必须对诈骗和拉动的潜在增加保持警惕。这些不道德的做法可能会继续通过其他渠道吸引资金，例如模因币热潮和其他新颖、创新的途径。

Conclusion

结论

As more institutional investors enter the ICO market, caution remains due to the lingering impact of scams like the Bitconnect Ponzi scheme. The new ICO landscape will prioritize due diligence, compliance, accessibility, and reliable returns. However, investors should be aware of the potential for scams and rug pulls in the midst of the continuing bull market, as evidenced by the recent meme coin frenzy.

随着越来越多的机构投资者进入 ICO 市场，由于 Bitconnect 庞氏骗局等骗局的影响挥之不去，人们仍然保持谨慎态度。新的 ICO 格局将优先考虑尽职调查、合规性、可访问性和可靠的回报。然而，投资者应该意识到在持续的牛市中存在诈骗和拉动的可能性，最近的迷因币狂热就证明了这一点。

Please note that the views and opinions expressed in this article are solely for informational purposes and should not be construed as financial, investment, or other advice. Investments in stocks, cryptocurrencies, or related indices involve financial risk and may result in losses.

请注意，本文中表达的观点和意见仅供参考，不应被视为财务、投资或其他建议。股票、加密货币或相关指数的投资涉及财务风险，并可能导致损失。