How did utility tokens emerge?

Utility tokens are cryptocurrencies designed to perform specific functions within blockchain ecosystems. Their concept began to develop with the launch of the first ICOs in 2017, when projects started using tokens to raise funds and create their own digital products or services. Unlike coins with an investment purpose, utility tokens provide access to specific features or services within the ecosystem, such as purchasing goods, paying fees, or participating in voting. Over time, with the development of technologies and increasing demand, utility tokens have become an integral part of many blockchain platforms, offering new opportunities for users and investors.