Scrolling and arguing again about whether secondary market royalties should be paid, I casually looked through a few NFT projects in my favorites for a while… To be honest, royalties are like "automatic renewal," creators obviously want them, but when trading faces low liquidity, costs are cut first, and in the end, no one is happy.

I’ve now set a simple rule for myself: buying images is not an investment, it’s investing in a "team that continuously updates"; if I really want to trade, I’ll assume royalties might be bypassed, and don’t count on future cash flow too heavily. Recently, funding rates have been extreme, people in the group are arguing whether to reverse or keep squeezing the bubble, and the atmosphere is quite similar to the royalty controversy—everyone is looking for certainty, but the market will only prioritize the side that can keep running. That’s it for now, lower expectations, and keep some fallback options.