Recently, the secondary market has been arguing over royalties again. To put it simply, everyone just wants more liquidity, but creators also rely on this to keep their livelihoods. After watching the chain for a while, it becomes clear that no matter how beautifully the rules are written, they are ultimately bypassed by trading routes and aggregators. The evidence chain makes it very clear: where the money flows, who bears the costs, all transparent. The word "fairness" is quite expensive.

Some people also compare RWA (Real-World Assets) and US Treasury yields with on-chain yield products. I can understand the mindset of "wanting something stable," but don’t forget: who is paying behind the returns, and whether you can withdraw at any time. Sometimes, the difference between these two is greater than the interest rate itself. Anyway, when I look at NFTs and creator-related topics now, I don’t take sides first. I focus on whether royalties are actually enforced, who is benefiting from the dividends… and then talk.