My phone just pushed another notification, and it even popped up a red dot for “default royalty turned off on a certain platform.” I thought my wallet had been authorized… but when I clicked in, I realized it was just another fight about creator economy. To put it bluntly, the thing about secondary market royalty is pretty fragile in the face of “voluntariness.” Everyone wants liquidity, wants lower friction—and on-chain there’s no way to force anyone to send money to anyone.

When I check mempool for trades, I can really feel it: once it becomes possible to bypass it, orders just route to the “cheaper” path, and MEV bots don’t give you the benefit of any feelings. Creators wanting stable cash flow isn’t wrong, but when you bet all your hopes on secondary royalties, I can’t help thinking it’s a bit risky… Maybe the rights need to be built into minting/tickets/subscriptions, or at least make holders feel like it’s a loss not to pay.

Lately, people have been talking about rate-cut expectations, the US dollar index, and risk assets rising and falling together. Once the mood heats up, everyone cares more about whether they can sell first, and long-term mechanisms like royalties are more likely to be sacrificed. In any case, I’ll observe for now—just don’t turn moral debates into a business model.