Recently, there has been debate about whether secondary market royalties should be mandatory. Frankly, I can understand both sides: creators want to maintain a steady cash flow, and traders don’t want to get hit with a fee every time they slip up. But the more I look at it, the more I feel that many projects treat “royalties” as a magic key; in reality, they’re just writing incentives based on user emotions, and when the trend shifts, it all collapses.

Especially now, everyone is earning testnet rewards and accumulating points on one hand, while guessing whether the mainnet will issue tokens on the other… This kind of expectation is very much like a “future subsidy” version of royalties — it’s all promises first, and then they look at the market’s mood. Anyway, recently when I read contracts, I pay more attention to one word: revocable. In the end, what hurts the most isn’t usually the lack of payment, but whether the rules can be quietly changed. The thing about revocability is really quite mysterious.