These past two days, I’ve been watching the floor liquidity of a few old NFTs again, and it feels like water temperature: when the narrative is hot, people even dare to post aggressive bids, and royalties are “morally justified”; when it cools down, everyone’s first reaction is to route around royalties. The floor looks like it’s still there, but in reality, one touch and it shatters—and in the community groups, it suddenly gets quiet, like the network just went down. Later, I realized that a lot of what people call “liquidity” has nothing to do with how often they trade; it’s about who’s still willing to tell stories, and who’s willing to be a decent person when it comes to royalties… As for that recent social mining, the “attention is mining” of fan tokens—I’m a bit skeptical. Attention is indeed valuable, but it’s way too easy for it to run off, and it runs faster than the floor. Anyway, what I care about more now is this: after the buzz fades, is there a mechanism that can keep liquidity bound to creators—and to the community—for a bit longer?