I only take notes on one sentence: When it comes to PFPs / memberships and similar things, honestly, their long-term value isn't about how many images look good, but whether you're willing to continuously give them "attention budget" and trust endorsement — similar to how recently everyone compares RWA, U.S. Treasury yields, and on-chain yield products, they all seem to have returns, but the underlying fulfillment methods are different; so I still stick to my old habit here, diversifying positions as a protective measure, listening to brand stories but not heavily investing, and if I do participate, just take it as a small ticket for a sense of participation, don’t mistake short-term hype for a long-term moat.