These days, there's been more talk about royalties in the secondary market, basically everyone is doing the math: creators want ongoing income, traders want cheaper liquidity, buyers don’t want to lose a cut every time they resell. But on-chain data makes it pretty clear—once royalties are “voluntary,” many people will choose not to pay... Human nature isn’t anything surprising.

By the way, I was reminded of recent retail investors complaining that miners/validators earn too much, MEV front-running, unfair ordering—it's actually the same issue: who takes the “tax” on these on-chain transactions, how much, and whether the rules can be acceptable to ordinary people. I tend to be conservative; in the short term, I don’t expect a perfect solution—at most, more transparency, more choices, and no more moral coercion to sustain the ecosystem. Anyway, when I look at NFT projects myself, I consider “can it survive without royalties” as a hard requirement.