Someone asked me what I think about the recent NFT royalty dispute. Honestly, it feels a bit like the crash of chain games—both have warped incentive structures. Look at how those studios pump out tokens that then spiral in price; once inflation kicks in, the community runs first, and then miners and retail users end up stepping on each other. The royalty dispute is the same: creators want to protect their income, platforms want to compete for liquidity, and in the end the depth of the secondary market gets even thinner. Anyway, I really miss the old feeling of “making something and having people resonate with it”—now it’s more like the tide is coming in, and whoever backs off first is the smart one. That’s it for now.