Recently, I’ve been browsing a few NFT marketplaces, and it feels like liquidity is really “all about mood”: when the floor price drops, listings get frozen like they’re stuck in an icebox; when the narrative heats up, everyone starts telling stories again—but the trades are still just a few people exchanging with each other. Royalties are also kind of awkward here: I want to support creators, but the moment thin order books show up, fees plus Gas stack up, and buyers hesitate even more.

These past couple of days, I’ve also seen a bunch of AI Agent/auto-trading bots running around on-chain, saying they’ll help you achieve “optimal execution.” Straight to the point, some are just selling the narrative, while others are genuinely digging into security details (like permissions, signatures, and contract upgradability). These days, when I buy NFTs, it feels more like I first check whether anyone in the community is still talking, then see whether on-chain there’s a “real hand” actually changing hands… In any case, I test with small amounts first—don’t get carried away.