I think the mental model for us is: Everyone is really getting into this space to bet that this is going to be 100x to 1,000x bigger in the future than what it is today. There's many analogies to the early days of social media. Everyone said LinkedIn, Facebook, and Pinterest would be competitive. But over time, the space grew.

https://www.axios.com/pro/fintech-deals/2022/06/21/opensea-competitor-magic-eden-hits-unicorn-status-in-nine-months