Someone asked me if NFTs are still worth watching now. I'm actually more concerned about where the liquidity is: having a floor price doesn't mean you can sell, and when the market depth is thin, one or two orders can turn the chart into an electrocardiogram... The issue of royalties is also quite tricky; if they're too high, trading gets colder, and if they're too low, no one is willing to do content creation and operations long-term. In the end, only "narrative" remains to keep things going. To put it simply, I look at wallet distribution and transaction intervals to gauge community enthusiasm; otherwise, it's easy to be led by a few screenshots to follow the trend. Recently, modularization and DA layer developers are very excited, but ordinary users are still confused. I feel NFTs are similar: the bigger the story, the more on-chain data needs to match up. That's how it is for now.