I thought ICOs had a chance to help small projects but unfortunately they became the worst of crypto. I don't blame the technology though. It's the "investors/ponzi hungers" that blew it.
It's inseparable from the technology. The technology is about issuing and transferring, and exchanging virtual tokens. This is all it does. And what can you do with virtual tokens? Not much, other than trying to sell them for money. I think Ponzis will always be one of the main use cases, if not the main use case.