Recently, I looked into a few more NFT projects. The floor listings look okay, but the actual trading depth is quite thin; it disperses with a slight pull. Royalties are also awkward: charging high causes buyers to run, charging low means no one is willing to do content creation and community management long-term. When community narratives are cold, it’s even more obvious—only emojis and mutual comfort remain in the group... I later realized that the most important thing isn’t how grand the story is, but whether the project team’s permissions and wallet holdings are being tampered with, plus whether LPs or liquidity pools are truly locked; otherwise, when the narrative heats up, someone might take advantage of insufficient liquidity and use you as a stepping stone to exit liquidity. By the way, over on L2, they’re constantly comparing TPS, fees, and subsidies, and it’s quite lively. It seems that in the end, it all comes back to one question: don’t just look at the hype—can it be safe, and can you exit smoothly? That’s it for now. Anyway, I’d rather miss out than pay tuition.