The rise of Internet Capital Market (ICM) tokens have split the X (Twitter) crypto community on what the future of this space will look like. Supporters highlight the potential of sectors to promote significant business growth and democratize capital formation.
However, skeptics remain suspicious and dismiss the ICM token as a higher version of the memecoin.
Is the Internet Capital Market the future of crypto?
In the context, the Internet capital market is a trending crypto meta. Today, businesses and developers represent app ideas, websites, or projects, converting them into tradable digital assets on blockchain platforms. Essentially, this allows users to invest in the potential of the app by purchasing tokens associated with that concept.
Analyst Frank highlighted the possibility of unlocking this trend in his X post. He explained that these tokens are more accessible and offer liquid and decentralized alternatives to traditional stock ownership.
“It’s going to be much bigger than trading coins in memes,” he predicted in early 2025.
The sector has been around for a while, but recently it has gained greater traction with the advent of many new tokens. This growing attention has encouraged the impressive growth of the space, making Frank’s predictions seem less noticeable.
According to the latest data from Dune, 7,619 tokens are launched in the Believe app, the Launchpad of ICM tokens. This represents a 138.6% increase from yesterday.
Additionally, the 423 tokens are already active. That’s not all. The followers have revealed that the token’s total market capitalization has doubled from about $220 million on May 13 to almost $220 million at the time of press.
These figures illustrate community optimism about the sector. In fact, many market watchers crown it as a meta that you can’t miss.
“It’s a thrill that you can’t miss. And when more builders join the thrill, we have the opportunity to the opposite degree.”
Furthermore, analyst Evan Luthra highlighted that the Internet capital markets are compressing the gap between concepts and their real-world influences. This acceleration fundamentally changes how ideas are brought to life and funded, allowing for rapid implementation and iteration of projects.
“Every financial revolution looks like a scam at first. But the point of ICMS is not guaranteed upside down. It’s radical accessibility to early stage internet projects,” Rutola said.
Meme Coins and ICM Tokens: Are there any differences?
Nevertheless, this trend has attracted many critics. Many argue that the Internet Capital Market Token is just a rebranded version of Meme Coins, which has long been criticized for its volatility and lack of intrinsic value.
“Internet Capital Markets are just a luxurious way to say meme coins. Same trash,” an analyst posted.
Another user raised similar concerns. He is similar between followers and platforms like pump.fun, suggesting that there may not be a real distinction.
“What stops developers from monetizing their ideas on the Internet with these apps and apps they believe?” the user asked.
Nevertheless, Malviya pointed out that the main difference between meme coins and ICM tokens is the reliability of the builder.
“In memes, random guys can become developers and launch tokens. Here we get a builder with a proven launch app and we’re speculating on the app about the cultural relevance of the meme,” he said.
However, when asked how long the story would last, Marviya gave him an unoptimistic response. He estimated it would last only four to six weeks.
Legal concerns, on the other hand, complicate the story even more. Users noted that many memecoin projects contain disclaimers about tokens that do not provide real utilities or expectations. He emphasized that this was a deliberate choice, not a random one. This is because it is difficult to integrate authentic use cases and buyback mechanisms.
For ICM developers, this poses a major challenge. While launching tokens can be an attractive way to quickly raise capital, developing tokens in authentic use cases requires careful planning, substantial technical infrastructure, and a clear long-term product vision. It also includes compliance with complex legal and regulatory frameworks that could increase developer costs.
“Internet capital markets. In some way, startups are ready to spend 150% of their revenue on legal expenses,” he wrote.
These concerns highlight the dark legal framework surrounding Internet capital market tokens, which could hinder mainstream adoption. Therefore, while the sector is currently booming, its trajectory remains uncertain.
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