The Believe platform, which has recently become popular in the Solana ecosystem, has given birth to a new narrative: the "Internet Capital Market" (ICM), or "Internet Capital Market", which has quickly swept the crypto ecosystem. What is Internet Capital Market? ICM is an on-chain "instant-global-permissionless" capital market model. Through smart contracts, anyone can instantly turn an idea into a tradable asset, and funds no longer have to go through the traditional VC or IPO approval process, but flow directly to the wallets of creators and builders. ICM Formula: Meme × Mission × Momentum ・ Memes: Memes and cultural narratives that attract attention and create discussion. ・ Mission: The core mission of the creator or project, providing a long-term narrative and goal. ・ Momentum: On-chain real-time fundraising and liquidity mechanism to quickly turn attention into capital. Breaking down ICM, it combines the "everyone can invest" of crowdfunding, the "asset tradable" of traditional IPOs, and the "low barrier to entry and entertainment" of meme coins, and finally forms a new way of financing that is smoother, more interesting, and web-native. Therefore, in the ICM world, "attention is capital" and "faith is liquidity", as long as the community is willing to believe and invest, on-chain price discovery can be completed immediately, so that good ideas can get the resources they need to trial and error and grow very quickly. How does Believe drive ICM? As the core driver of this trend, the Believe platform enables anyone who tweets on X (Twitter) to instantly issue and trade their own tokens. When the market cap grows to $100,000, the token graduates and enters the more liquid market of Meteora. Project creators can earn 50% of the transaction fee income by linking their X account, and the remaining 50% will go to the Believe platform. The funds raised will be released in installments to incentivize the sustainability of the project. ICM Track Markers (including but not limited to) Launchcoin Ecosystem: $DUPE (@dupedotcom): Price comparison website, created by @nikitabier. $GOONC (@basedalexandoor): Meme coin, which became popular because the founder's @basedalexandoor may be from OpenAI. $BUDDY (@CreatorBuddyX): An AI assistant on Platform X. $GIGGLES (@usegiggles): The founder has 5 million+ app downloads and $15 million in annual recurring revenue. $YAPPER: The strongest deepfake platform out there. Other platforms also have ICM-related targets, such as $VINE (@rus) and $JELLYJELLY (@jellyvideochats). tool Tools for tracking Believe eco-tokens are: 1. Believe Screener（@nanowisp）： 2. Believe Launches（@0x_ultra）： 3. Believe New Coin Monitoring (@zen913): Conclusion: The rise of a new track The Internet Capital Market has gradually become a popular narrative in 2025, following DeFi in 2020, NFTs in 2021, and AIAgents in 2024. Solana's official Twitter account has also been promoted, which has made this narrative attract market attention. In the future, if mainstream platforms such as CoinGecko use ICM as an independent classification, it will further consolidate the market's recognition of this concept, and investors need to pay attention to and deploy in advance.