Today the wind is ridiculously strong, stepping outside with my hair all messed up, and the coffee on the table cooled down in just two minutes... When I look back at the NFT floor, it’s pretty much the same feeling: once it cools down, liquidity evaporates like steam, there are a bunch of listings but only a few actual transactions. The royalty issue is even more awkward; honestly, everyone wants creators to survive, but when the market dips, people start questioning whether that “extra payment” is really worth it, and in the end, only when the hype is hot will someone be willing to buy. Recently, I’ve been talking about social mining, fan tokens, and the idea of “attention as mining,” but I think it’s just that when things are hot, everyone feels like they’re creating value; when it cools down, you realize attention runs away faster than I can withdraw my orders... Anyway, I’m now more meticulous when choosing profile pictures: whether the community is genuinely telling stories, whether they’re consistently doing things, or else the floor drops and it’s too late to be soft-hearted.