Hey there, crypto enthusiasts! If you’ve been keeping an eye on the latest trends in blockchain and meme tokens, you’ve probably heard about the buzz around Internet Capital Markets (ICM) and the role of token launchpads. Today, we’re diving into a thought-provoking tweet from legend @ 🫧 that sheds light on the current state of ICM and introduces a potential game-changer: itsDAOsZN. Let’s break it down and explore what this means for the future of decentralized finance!

What’s the Problem with ICM and Launchpads?

The tweet points out a key issue: many launchpads and ICM initiatives today are designed for short-term gains or meme-driven hype rather than building a solid foundation. According to the user, “there is not 1 legit protocol that has launched through the top 5 leading launchpads,” except for BelieveApp, which stands out for its efforts to onboard startups. This raises a red flag—most tier 1 teams (top-notch founders) still prefer traditional funding models like ICOs or venture capital (VC) with Web2-to-Web3 safety nets, leaving ICM struggling to attract serious players.

Why is this happening? The tweet suggests that the “trenches” (a term for the grassroots crypto community) and existing launchpads lack substance. They’re often more about quick profits or meme coins than creating sustainable ecosystems for startups. This misalignment could lead to a bigger downfall as ICM grows, especially if the infrastructure doesn’t evolve to support real innovation.

Enter itsDAOsZN: A Potential Solution

So, what’s the alternative? The tweet highlights itsDAOsZN as a protocol that “already exists” and could address these challenges. But what is itsDAOsZN? While the tweet doesn’t dive into specifics, it’s likely a decentralized autonomous organization (DAO) focused on fostering legitimate startup growth in the Web3 space. DAOs are community-run entities powered by smart contracts on blockchains like Solana, giving token holders a say in governance—think of it as a democratic company without a CEO!

Unlike traditional launchpads, itsDAOsZN might prioritize long-term value over short-term hype. This could mean better vetting of founders, stronger community support, and a focus on bridging the gap between Web2 startups and Web3 opportunities. It’s an exciting prospect for blockchain practitioners looking to move beyond the meme token craze and into meaningful projects.

Why Tier 1 Teams Stick to ICOs and VCs

The tweet also touches on why top-tier teams avoid ICM launchpads. ICOs (Initial Coin Offerings) and VC funding offer proven structures—ICOs let startups raise funds by issuing tokens (similar to an IPO but in crypto), while VCs provide equity and mentorship. These models come with established safety nets, like legal frameworks and investor networks, which ICM still lacks. As the user notes, pushing ICM without a “substantial foundation” could backfire, leaving startups and investors vulnerable.

What Does This Mean for Meme Tokens and Beyond?

At Meme Insider, we’re all about tracking the wild world of meme tokens, but this conversation goes deeper. If itsDAOsZN or similar projects succeed, they could shift the focus from speculative meme coins to utility-driven tokens tied to real businesses. Imagine a meme token that also represents equity in a startup—now that’s a twist! This evolution could attract more serious players to the space, blending the fun of memes with the stability of traditional finance.

The Road Ahead for ICM

The tweet ends with a warning: the more ICM is pushed without solid groundwork, the bigger the potential crash. But there’s hope. Projects like itsDAOsZN, combined with efforts from platforms like Solana to improve tokenization (as discussed in related threads), could pave the way for a more robust ICM ecosystem. We might see better launchpads, legal frameworks, and transparency—key ingredients for turning ICM into a global “decentralized stock market,” as some have called it.

Final Thoughts

This tweet from legend @ 🫧 isn’t just a critique—it’s a call to action. As blockchain enthusiasts, we should keep an eye on itsDAOsZN and other innovative protocols. Whether you’re a founder, investor, or just a meme token fan, the future of ICM could redefine how we build and fund projects in Web3. What do you think—will itsDAOsZN lead the charge, or is there another contender on the horizon? Drop your thoughts in the comments, and let’s keep the conversation going!