These days, I've been looking at NFT floor prices and transactions again. When things are hot, everyone talks about "community storytelling"; when it cools down, only the real need for liquidity remains: someone willing to buy, someone willing to sell. Royalties are also quite realistic; when the market suddenly turns, people want to avoid it. Creators, frankly, can only rely on consensus to hold things up. I initially thought it was just everyone experiencing aesthetic fatigue... but then I realized it's more about the tightening of the safety net: hardware wallets can run out of stock, phishing links are rampant, and many people prefer not to move assets at all rather than click randomly. Anyway, even if there's noise, I just check on-chain settlement and transfer counts to feel more at ease—let's start with that.

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