When I first got into the scene, I always thought: NFT royalties are just a given, secondary sales should automatically give creators a cut once a sale is made, anyone who opposes that is "unconscionable." Now, after seeing so many heated debates about royalties, creator income, and secondary liquidity, I realize it’s not as righteous and just as it seems... To put it simply, royalties are more like a "default consensus," not an enforced tax. If the transaction side doesn’t cooperate, it turns into a tug-of-war: if you collect liquidity, it’s lacking; if you loosen up, creators feel disheartened.

My current understanding is: if you want stable cash flow, don’t just rely on secondary royalties; you need to create value through primary issuance/equity/community services, with secondary royalties being more of a bonus. I personally tend to reduce my holdings when the market heats up—prefer to earn less than be swept up in emotions and take sides. That’s all for now.