These days, I've seen the secondary market keep cutting and cutting royalties again, with creators shouting "We have no food to eat," and traders saying "If liquidity doesn't come, everything will die"... Honestly, everyone is pretty pragmatic. Royalties used to be like a default tax, now they’re more like "voluntary tips"; if it’s not written into the mechanism, it’s hard to sustain through morality alone.

Having mined for yields for a long time, I’ve developed a bit of a conditioned reflex: any cash flow that "should be given" is first broken down into a risk list—who can enforce it? Who executes it? What are the penalties for non-compliance? Once market sentiment shifts (like recently with ETF fund flows + the narrative around US stock risk appetite, everyone switches gears quickly), promises tend to turn into air.

Anyway, looking at the creator economy now, I focus more on whether incentives can be built into protocol layer rules, or simply lock in or pre-allocate earnings in segments; otherwise, relying solely on secondary "consciousness," I’m too greedy to trust heavily. That’s all for now.