PFP, memberships, and branding—I'm increasingly feeling that: in the short term, it's about attention, but in the long term, it's still about "structure." Can membership benefits be continuously delivered? When will the team’s funds be unlocked, and will they switch narratives in half a year? These factors are more decisive than how good the avatar looks in determining whether you can survive the dull periods.

Recently, hardware wallets are almost out of stock, and phishing links keep coming one after another. Anyway, I’m now willing to take an extra step: for anything that requires signing/authorization, I first try it on a secondary wallet, and only use the main wallet when actually purchasing a membership. It’s a bit more trouble, but it prevents being swept away in a wave, which would directly crush my confidence.