Recently, there has been more debate about whether to give creators royalties in the secondary market.

Honestly, everyone just wants "cheaper transactions," but also hopes "content will continue to be produced."
My personal feeling is: treating royalties as a fixed fee rate is too rigid, and when the market cools down, they get cut first;
but completely eliminating them is like turning off the tap, leading to short-term excitement but long-term drought.

A more realistic approach might be to make royalties an optional and verifiable "alignment mechanism,"
for example, if buyers and sellers are willing to pay a bit more, they can exchange for clearer rights (whitelists, updates, revenue sharing, offline rights, etc.),
at least making payments feel more like purchasing a service rather than a donation.

Recently, some people have also linked ETF capital flows, U.S. stock risk appetite, and crypto price swings in their interpretations…
I find that a bit exhausting too.
With emotions switching so quickly, creators are most easily seen as a "cost item" in the volatility.
I’d rather royalties not chase the highest, but be stable and predictable, like cash flow—something that doesn’t feel harsh.