more convinced than ever that everything becomes tokenized, but
less sure how tokens maintain value when anyone can launch one

or to put it another way:
- everything will be tokenized
- tokens trend toward zero unless they're meaningful

anyone have thoughts on how to solve the conflict?

Token utility and scarcity are key to value retention. Building communities around genuine utility, strong governance, and interoperability can create sustainable demand and differentiation in an increasingly tokenized world.