Welcome to the new world of the token economy. In a plolychain future, with trustless connections between every blockchain imaginable, this new ICO market really is just the tip of the iceberg. Maybe not completely full of irrationally - just a lack of quality investments at this time.

This is just like the internet bubble - you have .com in your name you get a million or two. We are going to see this happen again with these ICOs and crypto in general. The bubble is hardly over though.