ICO stands for “Initial Coin Offering” and occurs when a new crypto project sells its tokens for upfront capital. Cryptocurrency ICOs were popularized in 2017, and many projects that used ICOs to raise funds were in fact scams. ICOs resemble IPOs (Initial Public Offering) in that both events sell equity in their respective company or project.
NFT Term
ICO (Initial Coin Offering)
Definition of ICO (Initial Coin Offering) from the NFTguild.com glossary.
