Recently, I saw a bunch of NFT groups talking about "the floor is back." Let me ask first: is what’s coming back the buying pressure, or is it just scripts pumping volume? The floor, to put it simply, is the last bid price, and without liquidity, no matter how hot the narrative sounds, it’s just screenshots looking good. Royalties are even more awkward—when the market is cold, everyone wants "0 royalties," but when it heats up, they start talking about "supporting creators." As incentives change, the community’s stance also shifts.

Some people are even bringing AI agents and automated trading systems to do "automatic floor sweeping." It sounds smooth, but with more on-chain interactions, there are more permissions and signature traps. In the end, it’s easy to see who’s just protecting security and who’s just storytelling. Anyway, when I look at NFTs now, I focus on two things: the distribution of real transactions and whether holders are willing to list for sale. Don’t talk to me about sentimental value—first, clarify the exit mechanisms.