[A veteran of the crypto scene for ten years talks about Dusk: when 'privacy compliance' evolves from a slogan into infrastructure, this is what RWA should look like]
After ten years navigating the crypto world, I've seen countless 'hundredfold miracles' turn into 'zero-loss tragedies' in an instant, and witnessed numerous projects go from 'technical promises' to 'ecosystem failures'. But only recently, after deeply studying Dusk Network ($DUSK) orchestrated by @dusk_foundation, did I truly realize: when 'privacy' and 'compliance' are no longer contradictory, but instead become the 'infrastructure' connecting Web3 with traditional finance, a project capable of weathering cycles might just lie on this 'difficult but right' path.
One, the intuition of an old hand: the 'key' of RWA is never speed, but 'trust'
During the ICO craze in 2017, we pursued the concept of 'everything can be tokenized'; in the 2021 DeFi Summer, we bet on the efficiency of 'permissionless finance'. But after ten years, the most painful lesson is: RWA without compliance backing is like a high-rise building without a foundation—built too fast, it collapses even worse. Why are traditional institutions afraid to enter on a large scale? It's not that the technology is insufficient, but they fear the compliance risks of 'data running naked' and the trust crisis of 'dark box operations'.
Only after seeing Dusk's confidential smart contracts using PLONK zero-knowledge proof technology to achieve 'selective transparency', did I realize: this is the 'breakthrough point' for RWA. When enterprises bring assets on-chain, they can open 'verifiable audit interfaces' (such as asset ownership, cash flow) to regulators while using zero-knowledge proofs to lock core business terms (like pricing strategy, customer data) in the encrypted layer. This 'handing over the keys to regulators and insuring businesses' design is far more reliable than those projects that shout 'complete anonymity' while skirting legal edges. @dusk_foundation's statement in technical documents, 'Privacy by Design, Compliance by Default', I would call the 'survival rule of the RWA era'.
Two, @dusk_foundation: Not engaging in 'market cap management', only doing 'ecological infrastructure'
As an old hand, I am very clear about the project team's 'drawing pie' tactics: today they launch a 'ten million dollar ecological fund', tomorrow they get a 'celebrity institutional endorsement', but in the end, they can't even get the testnet to work. But @dusk_foundation's operations exude a sense of 'old-school engineer's seriousness'—
Technology implementation precedes marketing: The mainnet has been running stably for 18 months, the ITN (mainnet incentive testnet) has attracted over 20,000 developers, and even the core code for hardcore modules like 'zero-knowledge proof' has been open-sourced. This is a breath of fresh air in the 'technology black box' prevalent in the crypto world.
Ecological incentives do not engage in 'money-dispensing games': The $DUSK 15 million grant program from Thesan is only for applications that can 'solve real problems' (such as compliant DeFi, institutional-grade DEX). The recently launched first RWA pilot project (a tokenization of a European real estate fund) completed the entire process from asset on-chain to dividend distribution using Dusk contracts, with verifiable data and processes. This is what it means to 'let results speak'.
Community operations reject 'shouting interactions': @dusk_foundation's AMA never discusses 'price targets', only talks about 'technology iteration nodes' and 'compliance license progress'. Even the community group is divided into 'developer zone' and 'institutional connection zone'. This restraint in 'bringing the right people into the right circles' makes me, an old hand used to 'chaotic gatherings', willing to spend time researching.
Three, $DUSK: Not a 'hype chip', but an 'ecological entry ticket'
In ten years of the crypto world, I have seen too many tokens become 'air fuel', but the economic model of $DUSK has made me see the return of 'practical value':
Governance rights implemented: Token holders can vote on key proposals such as 'RWA on-chain standards' and 'ecological fund distribution'. The recent proposal regarding 'expanding institutional KYC modules' was initiated by the top 20 addresses by $DUSK holdings.
Transaction fee discounts bind ecological stickiness: Paying on-chain Gas fees with $DUSK enjoys a 30% discount, and long-term use can dilute costs, which is more practical for high-frequency trading DeFi protocols than the short-term temptation of 'staking rewards'.
Scarcity comes from the 'burning mechanism': A portion of the transaction fees for each RWA trade within the ecosystem will be burned, combined with a fixed annual inflation rate decreasing, which has deflationary expectations in the long run—but that’s not important; what’s important is that the value anchor of $DUSK is 'ecological prosperity', not 'strength of manipulation by big players', which gives the greatest sense of security to those of us who have experienced the '519 crash' and 'LUNA zeroing'.
Four, written at the end: ten years of experience tell me that 'slow' is sometimes the fastest road
The current crypto market is too restless: project teams are busy with 'market cap management', retail investors are eager for 'overnight wealth', but they forget that the essence of Web3 is 'reconstructing trust'. What moves me most about Dusk and @dusk_foundation is precisely this sense of 'not in a hurry'—not chasing trends, not speculating on concepts, but focusing on making 'privacy compliance' a foundational capability for RWA.
If you are like me, have experienced the transition between bull and bear markets, and are tired of 'PPT projects', you might want to pay attention to @dusk_foundation's updates and see how $DUSK uses technology to tackle 'compliance hard bones'. After all, Web3 projects that can grow within regulatory frameworks are the 'survivors' that can last until the next decade.#dusk
Dusk looks forward to witnessing with @dusk_foundation how 'privacy compliance' becomes the 'new infrastructure' of Web3. As usual, let’s discuss your views on RWA compliance in the comments, leave your address, and if the comments reach 100, we will draw 10 for airdrop.
