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Ant Group's Cobe Zhang: How open will the new L2 public chain be?
Written by: Joe Zhou, Foresight News
In the cryptocurrency industry, there are three scenarios that have almost proven capable of achieving mass adoption like internet products: exchanges, stablecoins, and public chains. Futu chose to become an exchange, JD chose to issue stablecoins, while Ant chose to build a public chain... These three companies are trying to 'localize' the three Web3 tracks that have already been validated for large-scale commercialization overseas.
Unlike before, this time they are no longer satisfied with just the 'chain' itself but want to touch on 'coin', which is still a very sensitive term for Chinese companies.
In the cryptocurrency industry, there are three scenarios that have almost proven capable of achieving mass adoption like internet products: exchanges, stablecoins, and public chains. Futu chose to become an exchange, JD chose to issue stablecoins, while Ant chose to build a public chain... These three companies are trying to 'localize' the three Web3 tracks that have already been validated for large-scale commercialization overseas.
Unlike before, this time they are no longer satisfied with just the 'chain' itself but want to touch on 'coin', which is still a very sensitive term for Chinese companies.
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