10 Dec 2025

The Return of the ICO | Ryan & David

Podcast cover

Bankless

In this episode of Bankless, David and Ryan discuss the potential resurgence of ICOs (Initial Coin Offerings) as a method for capital formation in the crypto space, highlighting five recent high-quality projects—Mega ETH, Monat, Aztec, Infinex, and Zama—that are utilizing public token sales. They reflect on the ICO mania of 2017, noting the regulatory challenges and the evolution of auction and price discovery mechanisms. They examine the specifics of recent ICOs, including their structure, compliance, and tokenomics, and the potential implications for Ethereum and the broader crypto industry, emphasizing the shift towards fair, orderly, and globally accessible capital formation tools.

Outlines

Part 1: ICO Resurgence & Historical Context

Part 2: Recent ICO Examples & Platforms

Part 3: Regulatory Landscape & Token Mechanics

Part 4: Upcoming ICOs & Market Dynamics

Part 5: Future Outlook & Tokenization

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