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?

Remember that tokens are not the things that hold the value.

Tokens, in themselves, are not valuable.

Despite what the current meta would have us believe.

They are digital *representations* of the the things that hold value: products, experiences, real world assets, exclusive access, ownership, etc.