What replaced ICO?

In the rapidly evolving world of cryptocurrency and finance, it's crucial to stay updated on the latest trends and shifts in funding mechanisms. Given the significant role that Initial Coin Offerings (ICOs) once played in the industry, it begs the question: What has replaced ICOs as the preferred method of raising capital for blockchain-based projects? As regulations tightened and investors became more discerning, the industry saw a shift away from the unregulated and often risky nature of ICOs. So, what is the new norm? Is it Security Token Offerings (STOs), which offer more regulatory compliance? Or has Decentralized Autonomous Organizations (DAOs) and crowdfunding platforms emerged as viable alternatives? We explore these options and more in our search for the successor to the once-dominant ICO.