What is Vaporware?
Vaporware is used for a digital asset that goes through certain hype. However, in reality, the project is not backed up, or there is a lack of clearly defined or implemented applicability. Vaporware virtual assets may lack a real team to build them, or a roadmap is not clearly defined.
Also, vaporware could be used for a blockchain project that is still in its concept phase and a real-life project has not started. A project labeled as vaporware should not always be considered a failed asset because the concept might be developed in the future.
Developers may be prone to promote vaporware projects in an effort to attract potential investors and pump the price of their altcoin or token.