The past couple of days, I've been watching NFT market activity, and it really feels like humidity in a greenhouse: when it's hot, everyone is shouting narratives; when it cools down, only the floor price is left gasping. The same goes for royalties—when the market is good, everyone acts generous; when trading volume shrinks, they start looking for all kinds of detours, claiming to support creators but still choosing the "0 royalties" route... I’m no exception. Last night, I was looking at a collection on Blur, and when a 0.32 listing wall was pulled, a series of small orders immediately swept in on-chain down to 0.28, with a 0x8c…e91 aggregator path included in the transaction, which looked quite real but also quite brutal. By the way, just to complain a bit, now Layer 2 is constantly comparing TPS, fees, and subsidies, arguing like a market stall, but for NFTs, saving that tiny bit on transaction fees might not even cover the psychological cost of a floor price plunge. Anyway, I’ll turn off the lights and observe for now—don’t get too caught up.

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