Over the past two days, the NFT royalty debate has flared up again: some say that no royalties mean more liquidity, while others say creators can’t make it without royalties. To be fair, both sides have a point, but it’s exhausting when each side treats the other as the only solution. The secondary market is indeed more sensitive—just a slight change in fees, and your orders get thinner. But if creators can only depend on that first initial release, then later updates, day-to-day operations, and content production will gradually run out of food.

What I care about more is whether the rules can stay consistent—especially on L2. User growth depends on low friction in the first place. If it’s one policy interpretation today and a different one tomorrow, real users will just quietly walk away. I’m not afraid of losing money as much as I’m afraid of watching everyone’s trust get worn down. Anyway, for now I’d rather buy projects that clearly explain their revenue model and are willing to maintain it long-term. How much royalty is secondary—just don’t keep playing with the beat. That’s it for now.