Lately there's been more talk about secondary royalties. To put it simply, everyone wants it to be "sustainable," but when the market cools down, the first thing to cut is the least painful part: the mandatory restrictions on buyers. From the creator's perspective, I can understand; from the transaction side, I can also understand. It's all about cash flow issues, just packaged as a matter of values.

I used to be quite stubborn, "I only look at on-chain data," believing that data is the most honest. Later I realized that on-chain tools and tagging systems can also lag behind, and some people even feed fake traffic intentionally. In the end, when you look at a bunch of attractive address distributions, you're actually just looking at someone else's setup. Now I think more like analyzing the interest rate curve: don't get caught up in slogans, first see if the incentives are self-consistent, whether royalties rely on morality or mechanisms that can be implemented; treat it as uncertainty in your position, discount it, and don't bet everything on "consensus will return."