Recently, the Web3 industry has shown positive signs of development in multiple areas, indicating a shift from conceptual hype to substantial progress.

First, the cryptocurrency market has begun to attract the attention of traditional financial institutions. There are reports that a certain cryptocurrency exchange platform is about to be listed on the New York Stock Exchange, with subscription amounts significantly exceeding expectations. At the same time, several well-known investment institutions have also started to venture into this field, indicating a reassessment of the value of the crypto industry by the traditional financial sector.

Secondly, infrastructure tokens have shown strong performance. Tokens of projects such as Chainlink, Polkadot, and Render have recently demonstrated stable price performance, which may indicate a subtle shift in investor risk appetite, with more funds flowing towards projects with practical application prospects.

At the application level, the actual use cases of crypto assets are expanding. Recently, trading platforms have launched virtual cards for crypto assets that support global consumption, providing users with a more convenient way to spend, especially showing great potential in the field of cross-border payments.

The integration of Web3 and artificial intelligence is also continuing to deepen. The latest research report points out that this fusion has begun to be applied in multiple areas such as optimizing decentralized financial models, intelligent governance of decentralized autonomous organizations, and security detection of smart contracts.

In addition, the Asian Web3 ecosystem is also thriving. The upcoming WebX conference in Tokyo is expected to bring together the most influential Web3 projects in the region, showcasing Asia's important position in the global Web3 landscape.

Overall, the Web3 industry is gradually transitioning from a stage of conceptual hype to a stage that emphasizes practical results. Whether it's asset performance, infrastructure development, or real-world application implementation, the entire industry is showing a more pragmatic development trend. This shift may indicate that the Web3 industry is entering a new phase of development.