海苔

Last year, I accompanied a friend who doesn't engage with cryptocurrencies to a Web3 event. He curiously downloaded a well-known metaverse application, but after twenty minutes, he couldn't get in—his wallet plugin wouldn't install, he miswrote the mnemonic phrase twice, and the browser was incompatible. He handed me his phone and said, 'Is this thing meant for people?'

At that moment, I didn't know how to respond.

Later, I saw the Virtua metaverse created by @Vanarchain , and my first reaction was: that friend should be able to manage it on his own. There were no pop-ups asking him to install a wallet, no need to write down any words; he just clicked to log in with his social account and could customize his avatar, explore exhibitions, and watch performances—all seamlessly like any regular mobile game.

This difference is quite fundamental.

Most crypto projects take 'users learning the technology' for granted—if you won't even memorize the mnemonic phrase, why should you enjoy the benefits of decentralization? But Vanar's approach seems to be the opposite: users have no obligation to learn about blockchain; if you can't make it painless for an ordinary person to use, that's your problem, not theirs.

So, it abstracts the account to the underlying layer, makes asset storage an invisible backend service, and connects the game engine incredibly smoothly. This work isn't glamorous; no one will award it a geek badge, but that friend who couldn't even install a wallet might gain a digital space to wander around in.

Sometimes, making a technology 'uncool,' 'ordinary,' or 'not worth discussing' is when it truly starts to serve the majority.

Vanar has chosen this path. #vanar $VANRY

Is the cash back entry in the wallet gone??? @币安Binance华语 @币安广场

Vanar's on-chain governance is fully transparent—every proposal, every vote, every flow of funds is recorded on the blockchain, and anyone can check it. Sounds like standard blockchain fare? Actually, it’s not. For most public chains, the governance pages often just carry the DAO label, but the actual decisions are still made by the team, with voting being a formality and the flow of funds being vague.

@Vanarchain is different. Token holders can genuinely vote to decide critical matters such as protocol upgrades and resource allocation. Moreover, voting records are immutable; they cannot be altered or deleted. This means that if the team makes a promise but fails to deliver, the community can hold them accountable by referencing the records. This kind of 'non-repudiation' constraint is more persuasive than a hundred roadmaps.

Why are many projects reluctant to truly hand over governance? Because it's troublesome. Democratic decision-making is inefficient, and when the community starts to argue, projects can easily get stuck. But Vanar has chosen to do this, and the level of governance participation is indeed high, with developers, players, and ordinary token holders all finding their voice here.

My view is that Vanar has turned governance into a relationship maintenance layer, rather than a tool layer.

An ordinary token holder, having some VANRY, when will they feel a sense of belonging to this chain? It’s not when the chain runs fast, and it’s not when gas is cheap; it's when the vote they cast is truly adopted and genuinely changes the direction of the project. At that moment, they transform from 'users' to 'co-builders.' This identity shift brings about a stickiness that airdrop incentives cannot provide.

Transparent governance also has an implicit value: it lowers trust costs. In traditional business collaborations, both parties need to dine, negotiate, and go through legal processes, often taking months before they are willing to transfer funds. However, under Vanar's mechanism, the flow of funds and governance records of partners are publicly accessible, significantly reducing due diligence costs. Large institutions are very sensitive to 'certainty,' which might be one reason it has attracted Worldpay and Sony to participate.

Of course, transparent governance is not a panacea; it still faces issues like low voting rates and whale manipulation. But at least at this stage, Vanar has exchanged genuine decision-making power for a very subtle thing in the community—trust and a sense of participation. This is something that cannot be quantified and cannot be written into a white paper, but it could be the foundation that helps a chain survive the next bear market. #vanar $VANRY

When discussing Plasma's ecosystem, I believe the most noteworthy aspect is not how many applications it has developed, but who is integrating it and what they are doing with it. From this perspective, its ecological landscape is actually quite clear, with three parallel lines, each precisely targeting its goal.

The first line is cross-chain liquidity access. At the end of January this year, Plasma integrated with the NEAR Intents protocol. The essence of this is that Plasma's users can now seamlessly swap in and out of XPL and USDT0 across more than 25 chains and 125 different assets. More importantly, there is something called the 1Click Swap API—once developers integrate it, users won't even be aware of the concept of "cross-chain." This is not just a technical showcase; it effectively erases the boundaries of the ecosystem. You don't need to know where the assets come from, as long as you are in Plasma, you can use them. This is the experience that stablecoins should provide.

The second line is the physical payment card. The collaboration between @Plasma and Rain initially didn't catch my attention, but later I took a closer look at Rain's positioning—it is currently the only Visa Principal Member that supports issuing cards across multiple chains simultaneously, and the card can be used in over 150 countries and 150 million merchants. What does this mean? The stablecoins on Plasma can directly be converted into a physical card that can be used at the convenience store downstairs. Zero transaction fees + 4% cashback + over 10% investment returns—this is not something that is "promising for the future"; it is something that can already be used.

The third line is the DeFi yield layer. Plasma does not engage in lending or DEX operations itself; instead, it allows mature protocols to come in. Pendle's TVL on Plasma has already surged to $440 million. The PlasmaUSD treasury deploys funds into protocols like Aave to earn interest, users receive the earnings, and Plasma gains liquidity. Each party gets what they need, with clear division of labor.

When these three lines are connected, the logic of Plasma's ecosystem is actually quite simple: cross-chain money comes in, yield money goes out, and physical money is spent. #plasma $XPL

In addition to technology and business, @Vanarchain has a rather interesting perspective: how it maintains a peculiar level of composure in an industry rife with hype through its 'demonstration culture' and pragmatic decision-making pace.

Most blockchain projects are eager to promise the future with white papers and roadmaps, but Vanar seems to prefer 'let's see what we can do.' The most typical example is not publishing articles, but using a surround screen to turn their core AI data compression technology, Neutron, into a public visual performance at the digital art theater in Dubai. This ability to showcase the most esoteric technical core in the most intuitive and even artistic way stems from their deep entertainment and content genes. This is not just marketing; it is an efficient form of communication: it lowers the threshold for the outside world to understand their vision, allowing investors, partners, and even potential developers to 'feel' rather than just 'hear' the essence of their technology.

Behind this 'demonstration-driven' approach is a deeper pragmatism. Their team transitioned from consumer applications (Virtua) and understands the harm of forcing immature technology into the market. Therefore, you will see them painting a grand picture of AI agents and compliant finance while extremely cautiously advancing. For example, their flagship metaverse platform, Virtua, still maintains an astonishing level of completion and user-friendliness, resembling a continuously refined 'showroom,' ensuring that the underlying capabilities they promote can be tested and experienced well within their control.

In my view, part of Vanar's competitiveness comes precisely from this 'not in a hurry.' It uses carefully prepared 'technology shows' to build recognition and expectations, yet manages expectations and verifies pathways with solid prototype applications and phased commercial collaborations (such as the demonstration with Worldpay). In an industry eager to monetize half-finished products, this rhythm, which can ignite imagination while restraining the impulse to deliver, has become a rare strategic quality. This may be their most valuable legacy from the content industry: a profound understanding of the difference between 'release' and 'delivery.' #vanar $VANRY

Talking about whether there are many Plasma users and how lively the chain is, I find it quite interesting: it’s not like some chains where messages fly everywhere every day, lively like a never-ending party. Instead, it feels like a well-established community store that does good business but doesn't advertise much. When you pass by, it seems ordinary, but a closer look at the flow of people and transactions reveals that it has quietly gathered a considerable scale with an almost "smart silence".

According to some industry observers' dashboard data, within a relatively short time since the mainnet launch of @Plasma , the total value locked on the chain has quietly climbed to the level of several billion dollars, and the number of active wallet addresses is approaching one million. These numbers may not be earth-shattering within the circle, but what truly caught my attention is the "quality" of its transactions. Data shows that in its millions of daily transactions, over 90% are stablecoin transfers. This ratio speaks volumes—this is not about playing complex financial games or the frenzy of NFT minting, but rather a series of real, tangible "value movers" that may be for payment, settlement, or circulation.

Therefore, when looking at Plasma's on-chain status, you cannot view it through the lens of DeFi frenzy chains or meme coin speculation chains. Its liveliness is not in the screams of forums, but in the silent flow of stablecoins. This makes me feel more solid. It seems to attract not tourists looking to "join the fun", but real users who have a demand for stablecoins—possibly small merchants needing low-cost cross-border transfers or small institutions seeking efficient settlement. Their actions collectively form a kind of "silent consensus": this chain indeed provides usable value in the “stablecoin payment” it claims to excel at.

Of course, the influx of huge assets (like the several billion dollars in the early stage) also comes with questions: how much of this is short-term liquidity seeking high rewards? When the incentives recede, how much will settle into genuine “regulars” for real use? This is something it needs to prove over time. But in any case, the current on-chain data has already sketched a clear early picture for it: a chain with a clear goal, focused functionality, and that has attracted a considerable amount of genuine demand on its dedicated track. #plasma $XPL

Vanar's 'green' strategy is not as simple as just using renewable energy from Google Cloud. It has established a dedicated 'Vanar ECO' to transparently disclose energy consumption data, which is akin to proactively submitting an 'environmental health report.' For any pension fund, publicly listed company, or luxury brand constrained by ESG frameworks, choosing this chain reduces a significant explanatory burden in internal reports. This is not a technological advantage, but a form of compliance and reputational security.

More critically, it has obtained a comprehensive license from the Dubai Virtual Assets Regulatory Authority (VARA) in the UAE. This is far from being as simple as 'legal in a certain country.' VARA is one of the few institutions attempting to establish a clear and comprehensive regulatory framework for the entire industry. Obtaining its license means that Vanar's operations, the assets issued on its chain (especially RWA, or Real World Assets), and even its future financial products, now have a legitimate 'registration' in an internationally recognized financial center. This provides a strong assurance for potential large institutional participants: if problems arise, you know who to turn to, and there are laws to rely on.

In my view, the 'green + licensed' approach represented by @Vanarchain is essentially a 'credit pre-fabrication' aimed at the traditional world. It is not in a hurry to prove itself to crypto-native users as the fastest and cheapest, but rather invests significant effort to prove to another circle that it is the safest and most predictable. It uses visible environmental investments and credible regulatory endorsements to completely sever itself from negative labels such as 'high energy consumption' and 'lawless territory.'

This strategy takes time to show results and requires immense patience, but once its image of a 'compliance safety zone' is established, the appeal will be lethal. When a multinational company wants to experiment with putting supply chain finance on the chain, or a sovereign fund considers allocating tokenized national bonds, a chain with clear licensing and green certification will naturally enter the preferred short list. This may be the deepest and hardest-to-replicate barrier that Vanar is quietly building amidst the noisy technological competition. #vanar $VANRY

When discussing "banks" on the blockchain, the imagination brought by @Plasma is not a cold palace filled with marble counters and complex financial products, but rather a value service center that seamlessly integrates into your mobile life, lightweight and intelligent. It weaves together the three traditional tasks of "spending, saving, and earning interest" that usually require dealing with different institutions, into the life stream of a stablecoin.

Its core idea is to activate stagnant assets. Imagine a USDT used for cross-border receipts, which, upon receipt, does not need to be idle or go through complex currency exchanges: you can directly use it for online purchases through an integrated payment channel; you can deposit it with a single click into a built-in compliant interest-earning protocol, earning returns that are more attractive than traditional savings accounts; moreover, its earnings can be converted in real-time into "fuel" for everyday small payments. All of this happens within the same application (like Plasma One), with no need to change asset forms, and the experience is seamless.

This breaks the stubborn "scenario barriers" between traditional finance and crypto finance. It no longer requires users to find a third-party gateway for "payments", stake on another platform for "savings", or exchange for fiat currency for "spending". It transforms stablecoins from being primarily used as a "digital commodity" for trading and hoarding into a form of active capital that is liquid, proliferative, and instantly usable.

The vision of a "new bank" depicted by Plasma is appealing not because of complex financial derivatives, but due to extreme scenario integration and automation. It attempts to make managing your digital dollars as simple and intuitive as managing your mobile phone balance—usable for calls (payments) and participating in activities to receive returns (earnings), all quietly and smoothly completed in the background. This design that embeds financial services silently into daily life processes may be its most profound attraction for future users. #plasma $XPL

Recently, while chatting with some developers focused on underlying technologies, I discovered an interesting divergence. While many public chains are still chasing higher TPS (transactions per second), this 'numerical vanity', chains like @Vanarchain seem to quietly shift the question to: Is everything we build truly 'necessary' and 'smooth' for ordinary people and developers?

This made me re-examine it. The Vanar team enters with deep experience in the gaming and entertainment industries, which may determine its different genes. It is not like a geek starting from scratch to build an ideal nation; it resembles an experienced product manager who, after carefully observing every pain point of existing 'users' (whether C-end players or B-end developers) being stuck, goes back to redesign the underlying architecture.

For instance, its focus on native account abstraction and parallel execution. Behind the technical language is a very simple logic: allowing users to enter blockchain applications as easily as logging into WeChat, and ensuring that developers' applications do not drag each other down due to on-chain congestion. This may not sound sexy, but it is the prerequisite for large-scale applications. Its narrative of a 'green ecology' is also similar; rather than being a marketing concept, it can be seen as a necessary response to future compliance and mainstream societal values.

The insight Vanar gave me may lie in: In the second half of blockchain, the most exciting innovations may no longer be those groundbreaking theoretical breakthroughs, but rather how to weave existing technologies into a net that serves real needs in the most reasonable and necessary manner. It does not attempt to overturn all the rules but instead tries to make the rules friendly. This 'gentle revolution', in the current noisy environment, stands out as a rare pragmatism and clarity. #vanar $VANRY

Plasma's ingenuity on two other levels further reflects its prowess as a "scene architect": seamless user experience and credible ecosystem construction.

First, the "Any Gas" concept proposed and practiced by @Plasma is an underrated innovation. It is not just about "no transaction fees"; its essence lies in decoupling the "use of blockchain" and "understanding blockchain." Users no longer need to be distracted by acquiring native tokens, estimating gas, or worrying about running out of fuel; they can fully focus on the core action of "payment" itself. This design encapsulates complex underlying technology into a simple service, allowing stablecoin transfers to return to an intuitive experience similar to WeChat red envelopes or Alipay transfers. What it reduces is not cost, but the immense mental burden and operational friction, which is a key step in attracting billions of non-crypto native users.

It demonstrates a pragmatic strategy in building initial trust and network effects. For example, its deep integration with the Binance Web3 wallet is a clever choice. This is not just a simple partnership; it directly connects to one of the largest cryptocurrency user entry points in the world. This means that millions of users can naturally access the smooth payment experience offered by Plasma in an environment they are familiar with and trust, without crossing the cognitive divide. This "borrowing a boat to go to sea" approach has brought valuable initial users and liquidity for its cold start, quickly transforming technological advantages into accessible market advantages.

From a broader perspective, Plasma's designs are attempting to respond to a core proposition: how can blockchain truly serve the public? Its answer seems to be: first become a "useful" and "accessible" practical service, rather than a technical declaration that requires fervent belief. It does not force users to understand consensus mechanisms; instead, it ensures they can complete cross-border remittances in a second; it does not merely talk about a decentralized future but first makes that future tangible through collaboration with mainstream platforms. What is admirable about Plasma's exploration is that, as a provider, it carefully and precisely embeds blockchain technology into the "value circulation," the oldest and most fundamental financial need. #plasma $XPL