These past two days I’ve been seeing more arguments about secondary royalties. To put it plainly, everyone wants better liquidity, but creators also don’t want to be treated like one-time disposable assets. I used to be pretty idealistic too, thinking royalties are just “giving the author a meal,” but now that I’m calmer, I see it more clearly: royalties are more like a default courtesy, not some mandatory tax… Once the market turns bad and the floor loosens, that courtesy gets cut first.

It’s a bit like that recent wave of discussion where people compared RWA and U.S. Treasury bond yields with on-chain yield products: everyone keeps asking, “Why shouldn’t I choose something steadier?” and then treats the risky parts and the unsustainable elements as background noise by default. It’s much the same with NFTs here—no matter how good the narrative is, if trading doesn’t happen and no one takes the orders, then even royalties written beautifully are only text.

As for me, I’m still sticking to the old routine: go with narrative + liquidity, then mint—done—shut the software. If royalties really need to be solved, it probably has to come from platforms and markets creating a “paid experience,” rather than expecting human nature to suddenly get better, haha (slightly). That’s it for now.