Lately I've been looking at a bunch of PFPs and membership passes again. To be honest, I'm quite conflicted: brands can indeed generate compound interest over time, but on the blockchain, it's often just "hot today, change skins tomorrow." Why do I get itchy to act? It's really just fear of missing out on that "industry-wide consensus" ticket. When I see someone change their avatar or unlock new privileges, I can't help but want to follow, even though rationally I know it's probably just short-term attention.

What's more annoying is that now everyone is obsessing over staking unlocks and token unlock calendars every day. When the selling pressure and anxiety kick in, the so-called membership benefits are instantly drowned out by price noise. Anyway, my current approach is pretty simple: first ask myself if this thing can still be used above the floor price, if it can continue to provide "identity/services/resources." If I can't answer, I just pretend I didn't see it... And never touch leverage; playing with toys you don't understand can really backfire.