RE: Reflections on Hive-Engine!

I think you've summed it up nicely.

Most of these tokens — even the ones billing themselves as "investment tokens" — have absolutely no value proposition, which is essential.

But they perhaps offer a good "sandbox experience" for someone toying with the idea of launching a token-based project of some sort.

I believe much of what has to happen with the whole Web 3.0 circus is the understanding that tokens cannot be "the product." The product has to be something people want or need or use, regardless of whether there's a token attached. Wanna create a game? Make it a game interesting enough that people actually become invested in the GAME, not just the token. Or start an actual business, that might have a token attached.

Web 3.0 is no different from anything else... only the framework and delivery system is different. You still have to offer something of value.