That old alarm clock on the table rang again, reminding me to take a look at the chain... Lately, the NFT royalty issue has been getting pretty heated. Put simply, creators want stable “bread and butter,” but the secondary market complains that the friction costs are too high, with liquidity effectively being choked off. Neither side is really wrong, but the market is more realistic: money goes to places with less resistance, even if they say they support creation out loud.

What I care about more now is “predictability”—if you’re going to charge, explain clearly how you’ll charge, when you’ll charge, and how much you’ll charge. Don’t change it from 0 today to 2.5 tomorrow, then change it again the day after. Either way, capital shifts faster than emotions. In any case, when I look at projects now, I don’t only focus on the narrative anymore. Royalty design and trading experience have become part of the basics. That’s it for now.