Live at OKX NOW, Seeing this phase summary really hit me hard. Not just because I missed out on a few eras. As someone who only entered the space during the Layer2 airdrop era, looking back at the timeline from 2008 to NOW, I realize I’ve actually only experienced a very small part of Crypto. 'Every phase of Crypto expands its boundaries.' In the beginning, Crypto was just a social experiment for a group of geeks. Later, the financial markets started noticing Crypto, and exchanges, trading markets, and institutional funds gradually entered. Then came smart contracts, stablecoins, and DeFi, and Crypto began trying to move finance onto the chain. And now, payments, RWA, asset tokenization, traditional finance, global markets, and AI are all starting to enter Crypto’s ecosystem. The biggest takeaway from scrolling X over the past six months is that Crypto is no longer just about different chains, and making money isn’t as simple as burning Gas anymore. Instead, you need to think about 'Who can use Crypto’s potential to connect the on-chain world to the real world?' From the geek world to the financial world to the real world, the biggest change at this year’s 2049 compared to previous events is that while there used to be all kinds of hype around concepts, this year it’s RWA everywhere! At this critical moment of 'dumping during conferences,' a lot of friends around me are increasing their positions in the DeFi & RWA token tracks