The Internet Capital Markets (ICM) tokens have flooded the market recently. Businesses and builders have launched round 12,000 app tokens in the previous three days, leaving traders scrambling to sustain. Amid this surge, an skilled has argued that these tokens characterize Attention Capital Markets (ACM) and never Internet Capital Markets.
He additionally outlined methods for capitalizing on the meta’s potential and highlighting its long-term alternatives.
How to Assess Internet Capital Markets Tokens: Expert Shares 6 Factors
Yash Agarwal, co-founder of SendAI, shared his detailed evaluation on X (previously Twitter). He defined that the Internet Capital Markets indicate actual possession of fairness through tokens on the blockchain.
Nonetheless, the present app token launches on Solana (SOL) by way of the Believe app represents consideration relatively than fairness.
“No equity value — apps don’t have direct token integrations, and token holders don’t have claim to any revenue. it’s an attention token — and that’s fine!,” he wrote.
This readability is helpful for patrons trying to navigate the house. They can consider the potential of an app and its token by contemplating how a lot consideration it’s seemingly to get.
“Attention = volumes = revenues [they’re inherently incentivized to chase frothy narratives (like ai agents) to drive speculation],” Agarwal added.
He outlined a rigorous evaluation framework. Key components to think about embrace:
- Virality: It’s vital to consider whether or not the app has options designed to foster development. These embrace social sharing choices or rewards that encourage consumer engagement.
- Commitment of founders: Agarwal emphasised that traders ought to assess if the founder is totally dedicated to the undertaking or whether it is merely a aspect undertaking with restricted focus.
- Feedback and iteration: A profitable app ought to present proof that the founders constantly enhance it based mostly on consumer suggestions, relatively than merely launching it and focusing solely on selling the token.
- Crypto integration: It’s essential to decide whether or not the app makes use of blockchain expertise or is solely capitalizing on the crypto pattern with out providing actual crypto performance.
- Longevity: Investors ought to search for options inside the app that assist guarantee long-term consumer retention. This is vital for sustained development.
- Launch standing: Lastly, Agarwal advocated checking whether or not the app is already accessible or nonetheless in the pre-launch part. He burdened that the majority launches have a tendency not to go properly, as the hype and expectations have a tendency to surpass the precise outcomes.
In addition, DeFi Mars, an on-chain analyst, urged the ICM neighborhood to deal with significant tasks and robust groups.
“Leave the copy-paste coins behind because in the new era of Internet Capital Markets, only quality survives!!” the analyst wrote.
Mars burdened that the ease of token creation on the Believe app was not intended to fuel the meme coin craze. Instead, it was designed as half of a broader imaginative and prescient for Internet Capital Markets.
“These aren’t just memes—they’re building something and the market is rewarding that,” he famous.
Another analyst, Miya, additionally warned that the Believe app—initially designed to substitute conventional enterprise capital by enabling token-backed startup funding—is being misused. The core thought of the Believe app is to construct “network spirituality,” encouraging customers to promote startups, develop consumer bases, and thereby increase token value.
However, in follow, the platform has as a substitute become a breeding ground for meme coins. This pattern, Miya notes, dilutes liquidity and undermines the Believe app’s mission.
“I think we need to get to a point where Solana (or Believe) breaks free from all the low-quality slop meme coin trading and enters into a new stage, back to utility projects,” Miya stated.
The Future of Internet Capital Markets
Meanwhile, in addition to the analysis components, Agarwal additionally predicted a number of upcoming developments in this sector. Importantly, he forecasted on-chain fairness turning into a actuality.
In this case, owning tokens would directly equate to proudly owning fairness in the app at launch. This could be a real type of ICM.
“AI. It’ll accelerate this meta a lot –– it’s a huge tailwind and timing couldn’t have been better,” he claimed.
Agarwal additionally mentioned that launchpads will remain open and permissionless. Nevertheless, specialised frontends will emerge to filter high quality tasks, with tiers forming based mostly on consumer adoption and curation.
He added that there’s a rising alternative for analysis corporations and newsletters centered on liquid tokens. These organizations can present unbiased, high-quality analysis comparable to fairness markets. Moreover, they’ll subject rankings for tokens, thus guiding retail traders.
While Agarwal’s predictions about Internet Capital Markets could materialize, solely time will inform whether or not this narrative will proceed to achieve traction or ultimately fade as the market matures.
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