Recently I looked into the NFT market—the floor price has been dropping pretty badly, but the royalty issue is actually being argued even more fiercely. Some projects insist on keeping royalties, and the result is that liquidity collapses outright: buyers think it’s too expensive, and sellers can’t sell. On the other hand, those that completely give up on royalties and rely on discounting prices to chase volume get criticized by the community as well for not respecting creators—the vibe just feels wrong.

Honestly, I’m a bit curious: does royalties actually protect creators, or do they indirectly raise the entry barrier? Protocols like Flair use royalty enforcement through technology, but whether the market accepts it still depends on the project’s ability to generate “blood” on its own. The community narrative is also pretty split right now—on one side people shout “respect creators,” and on the other they buy the cheapest stuff, which is pretty real.

Anyway, from what I’ve observed, the NFTs that can survive are either pure cultural symbols with community consensus so strong that they don’t care about the floor price; or they’re tied to practical benefits, like membership cards or governance token airdrops. Relying on royalties to tell a story—when the market cools down, you can’t even get a sip of water from it… I guess once the hype tide recedes, you can see more clearly which ones actually have real stickiness, right?