Recently, I saw someone arguing about secondary market royalties, basically meaning creators want to maintain a steady cash flow, while traders see it as an extra layer of cost. Looking at it on the blockchain for a long time, I’ve become somewhat indifferent: royalties are more like a "default courtesy." When liquidity is tight, everyone's first reaction is definitely to save wherever they can.

The macro environment is also quite delicate; expectations of interest rate cuts fluctuate between hot and cold, and discussions about the dollar index rising and falling together with risk assets have also emerged. Sentiments swing back and forth, and for narrative-driven assets like NFTs, it’s even harder to expect a "conscious consensus to pay."

My current thinking is somewhat conservative: don’t treat royalties as an iron law, but as a patch in the product. Small fixes are fine, such as tying rights, airdrops, and subsequent services more closely to "voluntary support," giving supporters a reason to support. If it doesn’t work, admit it, and then patch it again—anyway, forcing it usually doesn’t work.