My current mindset towards PFPs and various membership passes is a bit like browsing a night market: it's lively and bustling, but whether the stalls can stay open for three years is another story.


Short-term attention isn't really shameful; the key is whether there's a "reason" to keep people engaged afterward — not just shouting "family" every day... it needs to have real content, benefits, or even offline social opportunities that can be fulfilled.
Recently, with the stacking of yields from pledged/shared security systems being criticized as "cloning," I actually think it’s quite similar to membership logic: layering one layer after another externally, but in the end, are you buying yield or trust?
The turning point might be this: projects that are willing to continue delivering during a bear market are like brands; those that only rely on avatars and slogans to survive are at most just limited-time skins.
Anyway, before I buy, I’ll first ask myself: if there’s no yield and no price appreciation, do I still want to stay in this group?
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