Yesterday I listened to a talk about whether PFPs and membership plans are truly long-term brands or just short-term attention. Honestly, I think both play a part. Some people buy JPGs to enjoy a social identity; others do it purely out of FOMO and follow the trend. In the end, they all become talking points of “I once owned it.” As for chain games, though—between inflation, studios, and a spiral in coin prices—basically the in-game economy has broken down, nobody is playing anymore, and the coin price naturally falls. During the post-event debrief, everyone was still complaining that a governance meeting that lasts three hours is more exhausting than actually playing games—let’s leave it at that. Sometimes social value matters more than the numbers themselves.