My phone just popped up a red dot again, saying that a certain platform has "optimized" the secondary NFT royalty... I clicked in and saw the same old story: when transactions happen, they talk about creators, but when the market is bad, they start calculating costs. Honestly, if royalties rely entirely on self-discipline, the bull market can still pretend to be civilized; when risk appetite drops and liquidity tightens, everyone immediately only cares about slippage and transaction fees.

Recently, the wave of AI Agents and automated trading also feels similar: the narrative is hyped up, but when it comes to on-chain interactions, no one wants to pay much attention to security details. Anyway, my current thought is that creators shouldn't treat royalties as an "obvious cash flow," but more as a pricing power gradually gained through products, communities, and rights; the market shouldn't pretend to have morals either—ultimately, macro rhythms decide who can set the rules. That's all for now.