For the past couple of days, I’ve kept seeing NFT floor prices get tugged back and forth, and honestly, it’s still all about liquidity: when things are hot, a bunch of people are willing to prop it up; when it cools down, you’re left with only limit orders waiting in line. Royalties are also kind of awkward—ideally they’re meant to keep creators alive and going, but in reality everyone just wants to shell out less money… A community with a strong narrative can hold up for a while, but once the narrative fades, it quickly turns into a “museum.”

On top of that, over on Layer 2 they’re still comparing TPS, comparing fees, and comparing subsidies—it’s pretty lively—but in my head I always connect it back to NFTs: no matter how good the data looks, in the end it’s still about whether people are willing to stick around with their money, and whether they’re willing to take over (not a nice way to put it, but it’s true). There are a lot of tutorials, but I actually prefer the kind that talks about how to “get through when the room gets cold,” with fewer myths and more plain human talk. Anyway, I’ll just watch for now—I'll make a move when the light finally comes through.