Reputation-based ICOs could be a game changer for how projects raise capital. Instead of just hype, you're actually filtering for quality by tracking meaningful signals that reveal investor sophistication and community credibility.

Think about combining multiple proxies together—smart followers count, Ethos scores, holder track records, even things like Monad cards as on-chain reputation badges. The idea is that you're not betting on a random wallet, you're betting on someone with a proven history in the space.

NFTs fit into this too as reputation layers. The whole mechanism forces projects to build genuine community first rather than gaming metrics. It's honestly a clever approach to make early-stage fundraising less of a lottery.