The debate over royalties has been going on for so long, and honestly, it's pretty boring. Creators want a guaranteed income, buyers think there's no reason to pay taxes on secondary sales, and platforms are stuck in the middle, pleasing no one.

In short, on-chain data doesn't lie—after royalties were made optional, on-chain royalty income for popular projects was cut in half. Some creators have started subscription models and membership NFTs; anyway, those who can survive are all finding new paths.

Lately, I keep seeing people farming points on testnets, guessing when the mainnet will launch tokens—it has the same vibe as rushing for airdrops back in the day. At times like this, I want to remind myself: high volatility is high volatility, but don't bet all your principal on "maybe" for the sake of expectations. That's it for now.