These past couple of days, I’ve been looking at NFT liquidity again—and honestly, it still boils down to the whole floor price thing: some people want “stability,” while others just want to chase narrative hype. Royalties are also pretty awkward; when the market is cold, everyone wants to save those few bucks, but the community still needs them to support people and produce content… It’s both funny and infuriating, like shouting “love” while quietly stuffing the bills back in.

And let’s not even get into how the whole “yield stacking” setup—re-staking and shared security—is getting blasted as if it’s a set of nested doll scams. I find it all pretty theatrical: the more gimmicks there are on-chain, the rarer the liquidity is that you can actually sell off quickly. Anyway, right now when I buy NFTs, I don’t really fantasize about being someone’s secondary-market buyer. I take apart the leverage first—only once I can handle the floor price getting drained do I dare to come closer.