Recently, I looked at a few more NFT floors, and I feel that liquidity is really a "design problem": the buttons haven't changed, but when people's confidence cools down, listings become like sculptures on display—beautiful, but no one buys. Royalties are also quite awkward; when the community is hot, everyone is willing to "support the creator," but when things cool down, people start calculating these friction costs. When the narrative isn't hot enough, the floor price becomes more like self-hypnosis.

I'm not regretting the outcome, but rather regretting that I only focused on the floor price numbers back then, without carefully checking whether the exit channels were smooth or if anyone was really buying in. By the way, it's normal for retail investors to criticize on-chain sorting/MEV now; as the income pressure on miners/validators increases, ordinary people clicking a transaction feels like fighting for position against an invisible hand... Anyway, I'm now more concerned with "the predictability of trading experience," otherwise even the best narrative can easily fall apart.