The market's focus has shifted to the conflict between OpenAI and Robinhood. Recently, Robinhood announced that it would offer tokenized shares of over 200 private companies, including OpenAI, in the EU, which was strongly opposed by OpenAI. OpenAI clearly stated that these transactions were unauthorized, do not represent an official position, and were not designed with its involvement. Robinhood responded by stating that these so-called 'shares' are essentially price tracking tools based on on-chain contracts and do not represent actual ownership of equity. This disagreement has not only triggered regulatory scrutiny but has also prompted the market to rethink the boundaries and legitimacy of 'tokenized equity' in the Web3 world.