Feels like the market is slowly shifting back to fundamentals

Over the last year, it’s been interesting watching how the narrative is changing.

At one point it was all about hype, memes, and fast flips.

Now it feels like more people are starting to ask:

• Does this actually work?
• Can people build on it?
• Is there real adoption potential?

I’ve been following a few projects leaning into infrastructure (of course one being VSC), and it’s a completely different approach compared to last cycle.

Less noise, more building.

Curious — are you still focused on short-term plays, or starting to look longer term?