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?

I think it's true and it's not a conflict. No one is gonna buy a token anymore just for fun. The whole market is saturated. So now, or eventually, there will be a return to value. Coins will get valued based on their return to investors.... Eventually...