Lately, the secondary market has been arguing about royalties again. To put it simply, everyone just wants to trade more “freely,” but once the little cash flow for creators gets choked off, all that’s left is people speculating on floor prices… I’m the kind of “risk off” person—when the excitement starts, I instinctively cut back my positions. I’d rather make a little less than count on emotions to keep me going.

Airdrop season is the same. The task platforms’ anti–Sybil/anti-witch mechanism feels just like attendance—an points system turns those who farm rewards into office workers. Watching it is exhausting.

A friend is still complaining: If I don’t pay royalties, can it still support creators? I don’t know either. In the end, it’s usually the least liquid folks who end up footing the bill. Let’s just wait and see. Don’t turn “creation” into a tool for pumping prices.