Recently, I looked into the transactions of a few old NFTs again. To put it simply, liquidity often depends on whether someone is willing to buy at the floor price; if no one is buying, even the most compelling stories can only be cheerleading within the group. I also struggle with the issue of royalties: I understand that creators need to make a living, but when things cool down, everyone's first reaction is to try to bypass them. Anyway, when the market is slow, rules tend to become very "negotiable." Actually, the hype around community narratives is quite mysterious—sometimes a gust of wind can push the floor price up, and when the wind stops, all that's left is holders comforting each other. By the way, I also see the arguments in the community about privacy coins/mixing compliance. My feeling is that when boundaries are blurred, it's easiest to tear apart, and the ones who end up hurt are often liquidity and trust. Better to wait and keep a low profile.

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