I think everyone here provided good points and I don't have much to add on it. But I will say that I prefer to call it shipping, and I dislike that my OTPs are not canon and I need to rely on fanfic and fan art for them. I wish actual canon BL had a quality as good as my favorite OTPs and their series.
When I was a kid, and I first got into shipping and yaoi, looking up quality fan art and fanfics of your ships was easier and lots of the fan art looked good and the fanfics were alright. Although it could also be that kid me simply had shit taste, hence perceiving these fan works as good lol.
Now as an adult, looking at fan art and fanfics of my ships is disappointing at best, enraging and upsetting at worst thanks to all the ameritard political discourse getting in the way of fandom. All fan arts and fanfics have to be annoying gendie slop now and extremely ugly and low quality. I'm not even kidding when I say all the fan art of my childhood ships on Tumblr was deleted!!! I remember some of it vividly and it's not there anymore. There's still some on Twitter though but untagged and hidden so you gotta dig for it. Or archived on Pinterest.
The plague also hit real BL and now it's all cringe woke shit about coming out and old moid yaoi and ✨ realistic✨ art styles and designs (read sterilized) and even MORE boring slice of life stories.
Another annoying thing is all the fan artists and fanfic writers stopped doing it for the love of the game but instead do it for money or going viral and the chance to publish their own work one day, which killed their passion. Everything is tropey and safe AU bullshit now.
I still prefer shipping despite the negatives because as others said, the characters are written better with more interesting crazy stories around their bond to justify it and give it more weight, something about them being in danger and caring for each other's lives, or having positive impact on each other's lives in serious situations makes it more interesting and addictive.
I like Hikaru ga shinda natsu, but the childhood friends thing to justify their crushes is kinda boring since the supernatural stuff doesn't push them together. The real Hikaru died and now Yoshiki sees the monster as a mere replacement to cope. I like the monster falling in love with a human for treating him nicely thing, but it's still underwhelming and pales in comparison to my favorite OTPs now and from my childhood who had big
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