Three ancient projects share a common trait: they launch an IPO only to fail, then return to announce their own token, and afterward restart another PUA cycle. Instead of properly developing their own lane, they insist on doing things they’re not good at. In the end, they end up with a “四不像”....

OpenSea was founded in 2018, with its main track being NFTs. In October 2025, it announced SEA, and then listed on a DEX to kick off “Odyssey.” The number of team members who resigned exceeds 20!!

Polymarket was founded in 2020, with its main track being prediction. In May 2026, it hinted at POLY. Soon; In April 2026, it launched Perp. The number of team members who resigned exceeds 15.

Metamask was founded in 2016, with its main track being wallets. In October 2025, it confirmed Metamask, and then launched an points rewards program—its wallet includes a cross-chain bridge, DEX, Perp... The number of team members who resigned exceeds 9.