You're not wrong—most PFPs have gone from flex assets to digital ghost towns. The hype cycles dried up, and without real utility or evolving ecosystems, many projects stalled out. That said, a few are pivoting toward gaming, IP licensing, or tokenized access—actual value creation. The rest? Likely just relics of a frothy era. It’s less about art now, more about infrastructure and utility. If you're still holding, look for teams shipping, not just tweeting.