Messari's Unqualified Opinions
Tokenizing Everything: Are Internet Capital Markets Crypto’s Next Frontier? | Fully Diluted with Messari Research
May 21, 2025
Joining the discussion are Sunny Shi, a research analyst specializing in on-chain data, Dylan Bane, who focuses on tokenomics, and Kinji Steimetz, an expert on layer 1 valuations. They delve into the emergence of Internet Capital Markets and the implications of launching tokens on platforms like Solana. The trio debates innovative valuation metrics for cryptocurrencies, including revenue-based assessments, while examining Coinbase's S&P 500 inclusion and Bitcoin's journey past six figures. Expect insights on cryptocurrency trends, institutional impacts, and the future of tokenization.
01:12:14
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- The rise of Launchcoin and Internet Capital Markets showcases a shift towards tokenization, potentially blurring lines between meaningful projects and meme coins.
- Bitcoin's bullish sentiment persists amid broader economic concerns, with analysts suggesting that increased government spending could enhance its value as a safe haven.
Deep dives
Tokenization and the Internet Capital Market Narrative
The podcast discusses the concept of tokenizing assets on-chain, emphasizing Solana's ambition to be the home of this process. It highlights recent statistics from the Believe platform, showcasing over $2.6 billion in lifetime volume and the launch of 21,000 coins with a combined market cap nearing $400 million. Participants express mixed feelings about the legitimacy of LaunchCoin and similar initiatives, suggesting they may blur the lines between meaningful projects and meme-like ventures. The overall sentiment indicates a cautious optimism about the potential of tokenization while recognizing the need for more substantial projects.
