Now, watching the secondary market argue over royalties, I can’t help feeling like I’m looking into a mirror: people say they support creators with their mouths, but the moment they slip, they go straight to the pools that take a little zero-fee/fee-free charge. To put it plainly, royalties are more like “voluntary tips.” When the market is good, it’s all about talking passion; when the market is bad, it turns into tallying every friction cost for each transaction. If the creator economy really has to rely on these royalties to keep breathing, that’s pretty shaky. Everyone—platforms, project teams, KOLs—wants a share, and in the end, creators become the ones being schooled.

What’s even more interesting is that while everyone is shouting that royalties are unreasonable, they’re also running tests on test networks like: “Will the main network issue tokens?” Anyway, when it comes to the word “incentives,” the market is always the most honest. If not, then don’t keep up the act—make the rules plain, and make the paths to returns equally clear. Don’t hang “support” on your mouth like a fig leaf. That’s it for now.