This is the third time I’ve seen a project with that kind of “treasury with tens of billions, and milestones listed in more detail than a cookbook.” In fact, I’m more inclined to trust on-chain spending records—treasury expenditures transferred to the team for operations, audits, and development outsourcing are truly getting work done; transfers to market makers or small sockpuppet addresses buying tokens are a bit more questionable. The modular blockchain narrative is one of those things developers get excited talking about, while regular users like us just look at a bunch of new module names on-chain and treat it as entertainment. Anyway, I’m focusing more on actual output now—things like contract update frequency and what tokens are locked in the vault. As for whether they draw pictures, you can see that for yourself.