So off-topic question. Projects like Initia and Megaeth, are they trying to take over Ethereum's spot as the settlement layer? Are they competitors? How's it work and do I have to keep an eye on things here too lol?

You can just do things. In this spirit, I am attempting to chronicle building a steam powered Ethereum node, API and website.

I basically at this point in my life just want to hold only $ETH. I just am tired boss. That's why I asked that question because I don't want to stay as up to date.