Recently, I've been looking into the fan token sector. In early December, I organized some projects that might have opportunities next year, among which several sports IP-related tokens attracted a lot of attention. Especially the World Cup-themed fan coins, which, based on last year's performance, still have room for imagination. However, to be honest, many small tokens are not worth touching—lack of liquidity, no narrative, and high risk. Instead of chasing the riskiest knockoffs, it's better to focus on directions with practical application scenarios and IP support. Sports fan token ecosystems like CHZ are actually relatively clear tracks.