Recently, the NFT secondary market has been arguing about royalties again, basically "voluntarily paying money." This issue becomes especially fragile in a bear market. Creators want continuous cash flow, which is fine, but traders feel they are bearing liquidity risk and also getting charged a fee, making it psychologically hard to accept long-term. It's like setting up a stall at a night market—if the stall owner wants to charge a booth fee every time someone resells, but the buyer finds the neighbor doesn't charge, they’ll be very honest.

Social mining, fan tokens, that "attention as mining" concept—I'm also a bit skeptical whether it's a false proposition... Attention seems more like a smoke screen; it sounds big, but how much actually sticks when it lands is hard to say. Anyway, now I look at projects by focusing on the blockchain: real transactions, changes in holders, actual royalty payment rates, not just slogans. Royalties might eventually have to be like "membership service fees," exchanged for specific rights, rather than relying on moral coercion. That's all for now.