Lately, I've been paying more attention to how project teams are actually working, but I find myself first watching how the treasury spends: money isn't forbidden to be spent, but it should be used on reusable things like audits, infrastructure, BD/eco support, etc. Don’t start with “market cooperation” or “consulting fees”… To be honest, milestones shouldn’t just be pie-in-the-sky promises; it’s best if you can see tangible progress on-chain or within the product. Otherwise, I’m afraid I’m just emotionally trading with perpetuals.

That NFT royalty water war also feels like a mirror that reveals true nature: on one hand, they say they want creator income, but on the other, they want secondary liquidity. In the end, it depends on who’s willing to lock in the rules and clarify where the money flows.
I don’t regret the outcome, but I regret not waiting for them to align their expense details with the milestones before getting itchy to open a position… Never mind, just making a note of this for review.