Recently, I've been looking at a bunch of PFP+ membership projects again. Everyone says it's "brand assets" and "long-term value," but I'm used to flipping through the contract permissions first... Honestly, if a membership card just ends up changing the avatar frame and joining a group to chat, it's no different from short-term attention.

Others think they're buying status and a moat, but in reality, many times they're just buying more life for the project team's wallet.

Looking at the recent complaints about staking and shared security "yield stacking" being a copycat scheme, I feel some resonance: the more complex the external packaging, the more I want to know who’s backing the bottom layer and who can change the rules with a single click. Anyway, when I judge a "brand" now, I first see if it can have fewer admin buttons and more irreversible commitments. Otherwise... forget it, I'd rather miss out.