Web3.0 Innovation Ecosystem Development Report: Global Landscape Formation, RWA Becomes New Focus

Recently, a research report focusing on the innovation ecosystem construction of Web3.0 was released in Shanghai. The report was guided by authoritative institutions and is the first comprehensive analysis of the Web3.0 industry in Shanghai. Experts attending the meeting unanimously agreed that Web3.0 is crucial for the future development of the information technology industry.

The industrial ecosystem is taking shape, and RWA has become the new trend.

The report indicates that the global Web3.0 ecosystem has begun to take shape through extensive research on upstream and downstream enterprises in the Web3.0 industry chain. Currently, core blockchain technology innovation is active, and the industry scale is steadily growing. The global public chain landscape shows a "one dominant, many strong" trend, with Ethereum as the leader, coexisting with multiple chains.

Experts are generally optimistic about the emerging field of "RWA" (Real World Asset Tokenization). In the next 5-10 years, with exploration from various parties, traditional finance and RWA will accelerate their integration, promoting the interconnectivity of global financial payments. Governments of multiple countries and mainstream financial institutions are beginning to accept financial assets and technologies of Web3.0. Forms of capital tokenization such as fiat stablecoins, tokenized deposits, and central bank digital currencies are rapidly developing.

Some international financial institutions have begun to lay out their plans in this field. For example, a large asset management company launched the first tokenized fund issued on the Ethereum network this year. Hong Kong is also actively participating in international cooperation to develop cross-border payment solutions and promote wholesale central bank digital currency projects.

A leader of a well-known public chain project stated that the popularization of stablecoins and RWAs is an inevitable path for the development of blockchain and crypto technology. With the approval of Bitcoin spot ETFs, this field will enter a period of rapid development.

Mainstream capital enters the market, regulatory policies become key

In early 2024, the U.S. Securities and Exchange Commission approved the listing and trading of the first Bitcoin spot ETF, which is seen as a significant milestone for the Web3.0 industry. Hong Kong and Australia have also successively approved similar products. The report suggests that this will greatly enhance market liquidity and further drive ecological innovation.

However, experts also emphasize that strengthening top-level design is an important task for the current development of Web3.0. A blockchain expert pointed out that Web3.0 is in the early stages of significant development, with a relatively solid technical foundation, but it still requires support from macro policies and regulatory environments.

Experts recommend in-depth research on "token economics"

Many experts have called for strengthening the research on "token economics." They believe that with the arrival of the Web3.0 era, this emerging branch of economics will provide important theoretical support for the development of the next generation of the internet and the innovation of regulatory systems.

The development prospects of Web3.0 in Shanghai are vast

The report points out that Shanghai has carried out systematic and institutional exploration in the field of Web3.0. Under the guidance of relevant policies and plans, the Web3.0 industry, represented by blockchain, is continuously making progress, promoting the development of the digital economy and aiding the construction of Shanghai as an international innovation center.

The report suggests that Shanghai should focus on the following six aspects: leverage the advantages of the digital economy, formulate special support policies, increase financial support, promote the construction of a standard system, create an innovative industrial ecosystem, and innovate the regulatory system. Shanghai can utilize its advantages in financial technology, artificial intelligence, and other fields, combined with industrial characteristics, to promote the implementation of Web3.0 applications, transforming traditional productivity into new quality productivity.