Lately, I've been looking at NFT liquidity, and it really feels like "the floor price looks okay, but as soon as you place an order, no one responds"… The royalty part is also quite awkward; charging high makes the buy-side thinner, charging low makes the community feel like the narrative is collapsing. To put it simply, everyone talks about culture, but in reality, they're still watching whether they can exit at any time.

By the way, with the main chain needing upgrades/maintenance, the group has started guessing whether projects will move away. I think NFTs are more afraid of emotional disconnect: whether the chain migrates or not is one thing, but whether the community is hot or not is the key. When it's hot, even a single image can tell a story; when it's cold, no matter how many utilities there are, it just feels like self-entertainment.

Forget it, to put it plainly: I now treat NFTs as the least liquid collateral, and don't expect "consensus" to withstand retracements. If I really want to buy in, I only dare to use money that won't affect my sleep.