Recently, there has been a surge of Internet Capital Markets (ICM) tokens flooding the market, with around 12,000 app tokens launched by businesses and developers in the past three days. This rapid influx has left investors trying to keep pace. One expert argues that these tokens are more accurately referred to as Attention Capital Markets (ACM) rather than Internet Capital Markets.
The expert highlighted strategies on how to seize opportunities in this burgeoning market and underscored the long-term potential it holds.
Yash Agarwal, SendAI's co-founder, provided a comprehensive analysis on X (formerly Twitter), emphasizing that Internet Capital Markets involve actual equity ownership through blockchain tokens. However, the current app token launches on Solana (SOL) through the Believe app are linked more to attention rather than equity, as they lack direct token integrations for app holders to claim any revenue.
Agarwal proposed a framework for assessing Internet Capital Markets tokens, detailing crucial factors including virality, founders' commitment, feedback and iteration, crypto integration, longevity, and launch status for investors to consider. Additionally, DeFi Mars encouraged the ICM community to prioritize meaningful projects and strong teams, moving away from copy-paste coins to focus on quality amid the meme coin craze.
Looking ahead, Agarwal predicted advancements in on-chain equity, envisioning a future where owning tokens directly translates to owning equity in the app during launch. He also mentioned the continuation of permissionless launchpads with specialized frontends evolving to filter out quality projects. Furthermore, he identified a growing opportunity for research firms and newsletters to provide independent token ratings, akin to equity markets, aiding retail investors in navigating the evolving landscape of Internet Capital Markets.
While these forecasts hold promise, only time will reveal whether the Internet Capital Markets narrative will sustain momentum or wane as the market matures.