An ICO is similar to a mix between an IPO and online crowdfunding, but for cryptocurrency. One can contribute “X” amount of an existing token and receive in return “Y” amount of a new token (at a set conversion rate) at a date set by the issuer of the token.

Blockchain technology is one of the most talked about topics in the sphere of information technology as well as in the facilitation of NFT. Cryptocurrencies are the most well-known and well publicized application of blockchain technology