Recently, I’ve been looking at the transaction records of a few old NFTs again.

The floor price hasn’t really “collapsed,” it’s more that no one is willing to list, waiting on the sidelines.
When liquidity cools down, even the shouting stops.
Royalties are also quite awkward: if you collect them, there are fewer transactions; if you don’t, the story runs out of fuel.
Honestly, many times with NFTs, it’s not about buying the art, but about buying the feeling of “we’re still in the same group chatting about the same meme.”

Then I saw new L1/L2s start offering incentives to boost TVL, and old users complain about “mining, then selling.”
I can really empathize with that…
It’s lively, but once it’s over, all that’s left are footprints.
Anyway, I’ve lowered my expectations recently: not expecting the floor to skyrocket, not expecting royalties to save the day, just listening to a few on-chain broadcasts.
Occasionally, when I encounter a genuine community still writing its story, I can’t help but take a second look.