Just a factual observation of how cooked the ICO market is. One of the top Web3 games by pretty much every metric right now is trying to raise at a $30M FDV (with a $3M hard cap). After the first 12 hours, they’ve raised just a bit over $500k. I guarantee that 1–2 years ago this would’ve been oversubscribed 10–20x already, with expectations of at least a 10x right at TGE.