ICOs are suddenly back, but this time the projects are real, the mechanisms are better, and retail isn’t shut out. Ryan and David break down why MegaEth, Monad, Aztec, Zama, and Infinex are launching public sales all at once, how onchain auctions are fixing 2017’s mistakes, and what regulatory clarity means for U.S. participation.

They also dive into the rise of internet native capital markets on Ethereum, the shift away from airdrop farming, and why fair price discovery could be a defining theme of 2026.

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TIMESTAMPS

0:00 Intro

0:13 Are ICOs Back?

2:54 The Rise of Capital Formation

5:04 Learning from 2017 ICO Mania

7:19 Regulatory Challenges & Arbitrage

10:56 Recent ICOs Overview

17:01 Exploring the MegaEth Sale

26:21 Monad's Unique Approach

30:40 The Innovative Aztec ICO

45:19 Upcoming Auctions: Zama & Infinex

1:04:41 The Future of Capital Formation

1:07:46 Closing & Disclaimers

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