Ant Financial Technology announced that its self-developed public chain Jovay will launch in September and clearly stated that it will not issue tokens. At the same time, MetaMask has increased support for the Sei network, and USDC Treasury has newly minted 350 million stablecoins. These seemingly independent events are actually pointing to the same trend: Web3 infrastructure is rapidly maturing, and traditional giants and professional institutions are deeply participating in this transformation.
Ant Financial Technology is developing a public chain without issuing tokens, which is a very interesting model. They are not looking to hype tokens for profit, but rather to use blockchain technology to transform traditional businesses, such as supply chain finance, digital identity verification, and copyright protection. This pragmatic approach may become the standard model for traditional enterprises entering the blockchain field. By avoiding tokens and focusing on technology, they can enjoy the benefits of blockchain while mitigating regulatory risks.
MetaMask supporting more networks may seem like a minor issue, but it is actually significant. Wallets are the entry point for Web3, and every expansion of MetaMask represents an enhancement in user accessibility. Sei, as a high-performance chain focused on trading, will greatly improve user experience after joining the MetaMask ecosystem. The enhancement of cross-chain interoperability is breaking down barriers between different blockchains.
What signal does the new issuance of 350 million USDC release? The market needs more liquidity. Stablecoins are the bridge connecting traditional finance and the crypto world. The growth in USDC supply indicates that more traditional funds want to enter this market. Moreover, USDC is backed by compliant institutions like Circle, and the additional issuance is supported by real dollar reserves, not just air tokens.
The improvement of infrastructure is accelerating the development of the entire industry. In the past, creating a DApp required consideration of performance issues, cross-chain issues, and user experience issues. Now, these infrastructure concerns are gradually being resolved. Developers can focus more on business innovation rather than technical challenges. This is similar to the early days of the internet, where the completion of infrastructure led to the subsequent explosion of e-commerce, social networking, video, and more.
The entry of traditional giants will accelerate the reshuffling of the industry. They have resources, users, and scenarios. Once they seriously engage in blockchain, many small projects may be eliminated. But this is also a good thing; the industry needs to transition from barbaric growth to standardized development, requiring projects that truly create value, rather than pure speculation.
