Recently, the liquidity of NFTs has been really… when the floor price softens, listings evaporate like that, many want to sell, few dare to buy. Royalties are even more delicate; creators want to earn a living, which is understandable, but when secondary sales tighten, everyone's first reaction is to bypass royalties to make deals, essentially prioritizing “survival.”

Community narratives are also quite realistic; when things are hot, a single word like “faith” can hold up the floor, but when things cool down, the same group of people start asking “What is this artwork really worth?” Seeing the extreme funding rates on the trading side, whether the group argues about a reversal or continues to pump the bubble, I actually want to turn off the market: during the most emotional times, liquidity is often the hardest to find… Forget it, if I miss out, I miss out.