It seems like wormhole was a cheap attempt to compete with ETH and Gabriel is nr1 zelout for ETH as he stated numerous times. He also forked metamask and made badger.
Yeah, it does seem to be a competition with ICO's. Probably not the best sort of competition. I doubt it will take off.
A totally there have been successful ICO's. Like venture capitalism they are far from a sure investment. Big reward requires big risk. ETH is a pretty strong crypto.
Off of the top of my head there was a dairy farm that used it. All an ICO does is invest in a business. If the business succeeds then they can pay a return.
Not at the moment. Maybe after work I could do a quick search. I noticed some videos about successful ICO's on YouTube with a search. Didn't watch any to see if they were worth linking
I think the ICO token works like a share of the company. One you can sell to others, or back to the company. If the business goes bust there is nothing to pay back.