Random Sunday morning thoughts. Both BAYC and Pudgy Penguins have dropped a string of objectively impressive announcements lately: ✔️ BAYC - Amazon x Otherside partnership, Bored Ape Animated Studios, and the Miami Clubhouse. ✔️ Pudgy Penguins - a major collaboration with Kung Fu Panda by DreamWorks. Yet, the associated tokens have barely moved - some are even down. Sure, sentiment isn’t great right now, but I think the market is sending a deeper signal. If this kind of news can’t move prices meaningfully, what can? Maybe the market no longer believes in the automatic rise of “memetic” tokens tied to successful parent brands. Maybe it is demanding more than a vague “trust me bro, it’ll go up when we go mainstream” type of utility. The connection between a web3 company’s success and its related tokens seems broken, unless there is a clear and near-term promise of free money. And even then, projects like Moonbirds aren’t exactly lighting up the charts. It feels like the industry needs to rethink how value is attributed. We are past the “anything goes” phase where hype alone drives price action. The market seems to be asking for more traditional, tangible mechanisms - like revenue sharing - to restore confidence among web3 investors and justify capital flowing back into these digital assets. What do you think? Do you share this view, or is this just a temporary lull before things snap back to “normal”?