I just turned off the royalty switch for a certain NFT marketplace... Honestly, I feel a bit uncomfortable. What do creators live on? But the current atmosphere in the secondary market is very realistic: if you don't turn it off, liquidity will flow away; if you turn it off, it’s like tacitly accepting that "creations are worthless." For someone like me who has seen a lot of lending pools, I automatically think in terms of "sustainable cash flow" and "buffered safety margins." Lowering royalties actually feels more like overdrawing in the long run.

Recently, before and after the upgrade/maintenance of that mainstream public chain, people in the group have been guessing whether projects will migrate. Listening to that, I just think: chains can change, rules can change, but trust is still the most fragile. Anyway, I now lean more towards: don't rely too much on enforced royalties, instead look at whether projects have other revenue or circulation designs, so that the creator economy isn't just about passion, and when the market cools down, it all falls apart.