I set a little rule for myself: when looking at NFTs, don’t rush to be swayed by the narrative, first check if it’s actually “easy to sell.” A floor price that looks good but has a bunch of listings and sparse transactions, honestly, just means liquidity is pretending to be lively; I also struggle with the royalty issue. Creators wanting a long-term income is understandable, but when trading cools down, everyone’s less willing to move, and in the end, the community’s loudest calls start to sound like self-entertainment. Recently, the “yield stacking” of staking and shared security has been criticized as a copycat scheme. I also get a déjà vu feeling: one layer of narrative covers another, and if there’s no real buying and selling or new players coming in underneath, the bubble bursts as soon as the wind stops. Anyway, I’d rather miss out on the hype now than be dragged along by it.

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