Lately, the NFT market has been a bit quiet, with floor prices fluctuating like they haven't woken up. To put it simply, when liquidity is poor, royalties become even more awkward: charging too much discourages buyers, charging too little means no one wants to tell stories or maintain ongoing operations, and in the end, the community narrative is relied upon to sustain the hype. But once the excitement fades, the sell walls become terrifyingly thick.

Recently, I also saw the "attention mining" and fan token schemes in social mining—I'm quite conflicted about them... Attention is indeed valuable, but it comes and goes quickly. When market fluctuations happen, everyone runs faster than anyone else. Anyway, I now prefer to go slower, hold smaller positions, at least to avoid being driven by emotions. That's all for now.