In the past week, the Web3 industry has seen a series of significant developments, marking the industry's move towards a more mature and regulated direction.

First, cryptocurrency exchange Kraken has once again announced plans to go public, indicating that another large cryptocurrency company is seeking to enter the traditional financial market following Coinbase. This move not only reflects the rapid development of the crypto industry but also suggests that the boundaries between traditional finance and the crypto economy are gradually becoming blurred.

At the same time, the new generation of public chains such as Base and Sui emphasized a "compliance-first" strategy in their official statements. This trend indicates that the development of public chains is no longer limited to the technical level, but is gradually evolving into a game about governance frameworks. This shift reflects the industry's increasing emphasis on the regulatory environment.

Another noteworthy event is that the National Internet Information Office held discussions regarding the security issues of Nvidia's H20 chip. Although the focus is mainly on AI chips, the underlying requirement for "data security and traceability" in this event is equally applicable to blockchain assets and infrastructure. This further highlights the importance of security and transparency in the Web3 ecosystem.

These changes are bringing new development directions to the entire industry: compliance has become a major focus, and various projects are comprehensively reassessing their strategic positioning.

In this new situation, the business philosophy of project teams is also changing. In the past few years, the Web3 market mainly operated on the logic of "hype-driven" growth; whoever could seize the narrative high ground could gain attention and funding opportunities. However, project teams are now gradually realizing that merely relying on storytelling is no longer sufficient to support long-term development. They are beginning to pursue more robust operating models, more precise user growth strategies, and more authentic impact data.

For example, there is a compliance stablecoin project aimed at the Southeast Asian payment market that specifically emphasizes metrics such as "Twitter interaction conversion rate" and "real user click cost" in its task requirements. Additionally, a protocol project combining AI and decentralized physical infrastructure (DePIN) is looking globally for mid-level opinion leaders with technical interpretation capabilities and offers considerable compensation.

These measures indicate that Web3 projects are shifting from merely pursuing hype to focusing on substantial user engagement and genuine market influence. This transition is not only beneficial for the long-term healthy development of the industry but also provides investors and users with a more reliable basis for value judgment.

As the industry continues to mature, we can foresee that the future Web3 ecosystem will place greater emphasis on compliance, user experience, and practical application value, rather than just speculation and short-term profits. While this shift may cause some speculative projects to lose market traction, it will undoubtedly drive the entire industry towards a healthier and more sustainable direction.