The promise of Web3 has enticed dreamers, innovators, and investors to explore uncharted digital territories. But recently, confidence has waned. Observers like MiyaHedge argue that the industry might have peaked. Web3’s innovation seems stalled, venture capital migrates to AI and defense tech, and token markets struggle to resonate with a new breed of informed consumers.
The Fall of the Altcoin Season
Central to Miya’s claims is that the ‘altcoin season’ is a relic of the past. Altcoins, once heralded as the next big investment, now reveal more cracks than value. Investors recognize the inherent structural flaws and a lack of genuine innovation in the altcoin narrative.
Furthermore, the divergence between token value and company equity presents challenges. Teams must choose between maximizing team value or that of their token holders, creating a disconnect that’s unsustainable.
DeFi’s Innovation Stagnation
Decentralized finance faces its unique set of hurdles. Once the darling of innovation, DeFi now appears to have plateaued, with only zero-knowledge proofs and blockchain abstraction as noteworthy advancements. Venture capitalists prefer industries with tangible value outputs over marginal tech improvements.
Miya criticizes the capital investment in what he views as non-productive token gambling, rather than supporting transformative ventures with potential for early reward.
Savvy Investors Shift Perspectives
Today’s retail investors are more perceptive, weary of repetitive narratives and skeptical of hollow promises. The current culture values practical utility over speculative gambits, leaving little room for high-risk, high-float tokens that fail to deliver.
Reimagining Financing with Web3 Technology
Miya envisions a promising future where Web3 reinvents mainstream financing. As companies like OpenAI and SpaceX remain private, blockchain’s transparency could offer a lifeline for capital infusion, facilitating liquidity and user engagement.
This vision heralds a ‘Digital Shark Tank Revolution,’ introducing a new avenue for unlisted companies to achieve valuations and secure investment through token markets.
Pioneering Change with ERC-S
The introduction of the ERC-S token standard is pivotal. By binding tokens to equity, ERC-S paves the way for sustained intrinsic value. No longer are tokens mere speculations, but instruments reflecting real stakes in businesses.
This innovation challenges traditional IPOs and accelerators, liberating true crypto potential in global liquidity. Miya sees this as a future where tokens transcend blockchain context, becoming tools of worldwide equity circulation. As such changes take root, the real allure of cryptocurrencies—fundraising capability, attention drawing, and global liquidity—will unfurl.

![[News] Bitcoin at a Turning Point? 10x Research Signals a Bullish Macro Shift Ahead](https://cryptoexplores.com/wp-content/uploads/2025/06/new20250616.jpg)
![[News] Binance Lists $HOME, the Gas-Free, Bridge-Free All-in-One DeFi App](https://cryptoexplores.com/wp-content/uploads/2025/06/news20250617.jpg)