These days, I've seen the secondary market arguing about royalties again. To put it simply, everyone just wants "better liquidity," but creators also rely on this to survive. From a cyclical perspective, royalties are like the default courtesy in a bull market; in a bear market, they become a cost, and when emotions tighten, the softest part is cut first. No matter how beautifully the contract is written, if the market doesn't buy it, it's useless. In the end, it still depends on whether the platform is willing to bear the risk, whether the project team is willing to subsidize, or simply changing the narrative.

By the way, before and after a certain mainstream chain upgrade/maintenance, people are again guessing whether there will be a migration. It's actually rooted in the same underlying issue as the royalty dispute: when rules change, who bears the friction? Anyway, I’m currently still observing on-chain actual transactions and wallet structures with small positions—don’t get carried away by slogans... As for how "fairness" is ultimately calculated, what do you think?