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The Rise of Decentralized Physical Infrastructure Networks: Exploring the Current Status and Prospects of DePIN Introduction The Internet, as a symbol of globalization, actually originated from the products of the Cold War era. In 1969, the U.S. military needed a network that could avoid single points of failure and autonomously recover to respond to potential nuclear strikes. Therefore, the prototype of the Internet, "ARPAnet" (, was born, adopting a decentralized distributed architecture design. However, over the past 55 years, from Web1 to Web2, with the rapid development of the internet, a centralized architecture has formed amidst the waves of commercialization and globalization. Web2 giants have monopolized the discourse and value distribution in the online world. In recent years, the wave of Web3 has emerged, emphasizing Decentralization and de-platforming. However, simple application-layer Decentralization is difficult to solve the fundamental problems; how to transform the internet from the underlying technology stack is the solution. In this back

Stablecoin regulation and Formal Verification: Building the foundation of Compliance and security Abstract With the continuous development of Web3 applications, an increasing number of central banks and institutions are developing digital asset products, with stablecoins being one of the key directions. Stablecoins combine the efficiency and transparency of blockchain with the stability of traditional finance, and are expected to reshape the global payment system and financial infrastructure. However, to promote the mainstream adoption of stablecoins, a solid foundation still needs to be established in terms of user trust, regulatory compliance, and compatibility with existing Web3 systems. Under a strict Compliance framework, Formal Verification is considered a highly promising methodology that can help build reliable stablecoin contracts while validating key Compliance requirements. This article will focus on the following directions: A comprehensive understanding of the regulatory requirements for stablecoins is crucial for all stablecoin issuers. When launching a stablecoin project in the United States,

The programmability of the Bitcoin ecosystem is facing new explorations, with developers utilizing inscription technology and various innovative solutions, such as zk-SNARKs and sidechains, to enhance its functionality. However, the limitations of Bitcoin itself make it difficult to directly support smart contracts. Nevertheless, related technological upgrades and new theories provide hope for future development, and upcoming scaling solutions are expected to improve user experience and promote the development of smart contracts.

New Opportunities in the Gaming Industry: How KGeN Reshapes User Acquisition 1. Introduction The gaming industry has surpassed the film and music industries in scale, but it has faced severe challenges in recent years. From 2023 to 2024, the industry has experienced a wave of layoffs and consolidation, with skyrocketing development costs and significant reductions in investment. Issuance and distribution have become increasingly difficult. The proliferation of AI content, platform saturation, and players' preference for mature IPs make it harder for new projects to stand out, and acquiring highly engaged users has become more challenging than ever. Despite this, there are still huge opportunities in the industry. The spending power of the digital native generation will continue to drive market expansion. At the same time, the "Global South" market, which has long been overlooked, is experiencing explosive growth. This report will explore the latest challenges in game publishing, analyze the high-growth opportunities in the "Global South", and focus on KGeN, a blockchain-based gaming platform, discussing how it reshapes the incentive mechanisms between publishers and players.

Recently, a large number of projects led by venture capital have emerged in the crypto market, focusing on Staking and CeDeFi. By analyzing cases such as Ethena, IO, and MSN, it is found that high-quality projects are scarce and the market is severely inflated. There are differences in investment philosophies between North American and Asian funds, and ordinary investors should follow projects with long-term potential and flexibly use pricing strategies to gain profits.