Lately, watching NFT liquidity has been pretty exhausting: when the floor drops, the community narrative feels like it's cut off, like the power's gone out. When it's hot, everyone is talking about "culture" and "consensus"; when it's cold, all that's left are walls of hanging orders. Royalties are also quite awkward—if you collect them, you don't want to touch the secondary market; if you don't collect, creators can only survive on the "next wave of narratives"... Anyway, I’m now more focused on trading depth and don’t really trust community hype.

And recently, this social mining and fan token stuff—"attention as mining"—is basically just counting KPI based on how much time people spend staring at screens? It’s lively, but don’t get too excited and just authorize everything. If I see a signature popup I don’t understand, I’ll just screenshot and save it, then criticize it later.