I once tried to list a small set of NFTs on an aggregator to test liquidity, and it turned out that "the floor is right there, but I can't sell it"... Basically, the floor acts like an emotional indicator—when it's hot, a bunch of people quickly sweep the listings; when it's cold, even lowering the price a little doesn't attract anyone. Royalties are also quite awkward—setting them high makes transactions harder, setting them low risks community criticism, and if the narrative cools down, it all relies on faith to keep going.

Recently, in the community, debates about privacy coins, mixing services, and compliance boundaries have been flying around, which makes me even more anxious: on-chain traces are increasingly like a "resume," and once liquidity for non-standard assets like NFTs dries up, only the story remains to keep it alive... Anyway, I still follow the same process before interacting—first check the contract and fund flow clearly, if unsure, I don't click; having a checklist filled out is better than regretting later.