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Lunchtime again, I checked out NFTs, and it really feels like liquidity is the real deal: when the floor softens, everyone talks about "faith," but their hands still go to list at lower prices to jump ahead and sell. Royalties are even more awkward; when the market offers zero royalty options, even the most enthusiastic creators tend to cool down, honestly, it's just money voting with their feet.
In the group, they've been discussing stablecoin regulation, reserve audits, de-pegging rumors… every time I see it, I get inexplicably annoyed, very similar to the slow decline of NFT floors: not exploding, but always making people feel uneasy.
I'm not that grand about "long-term" either, maybe just quarterly, enough to see if a community is still genuinely active and chatting, rather than just PFPs and slogans. That's it for now, back to work this afternoon.