[MacsHeadroom]

There are literally thousands of dApps developed and governed by DAOs funded by ICOs which tens of millions of daily active users derive economic value from. Sure, lots of ICOs find vaporware. But so do the overwhelming majority of VC investments.

[jazzyjackson]

Sorry, by "real world product" I was thinking the kind of thing that gets funded on Kickstarter, e.g. hardware or at least some kind of entertainment production.

I'm aware there's thousands of dApps and DAOs but I don't know what any of them actually do besides pay early participants with funds derived from later participants.