The Web3.0 ecosystem is beginning to take shape, with RWA becoming the new focus.

Recently, the "2024 Shanghai Web3.0 Innovation Ecosystem Construction Research Report" press conference was held, and the attending representatives unanimously agreed that Web3.0 is crucial for the development of the information technology industry. This report is Shanghai's first industry research result focused on Web3.0, guided by the Shanghai Municipal Science and Technology Commission and jointly released by the Liberation Daily and the School of Economics of Fudan University.

The report, through extensive research on upstream and downstream enterprises in the Web3.0 sector, points out that the global Web3.0 ecosystem has taken initial shape. Currently, Ethereum, Solana, Polygon, and others have built a rich, high-performance, and secure public chain ecosystem, showing a pattern of Ethereum dominance and coexistence of multiple chains globally.

Regarding the future development of Web3.0, reports and experts have mentioned the emerging field of "RWA"(Real World Asset). RWA refers to the tokenization of real-world assets, covering currencies, bonds, trade finance, energy, and other assets. It is expected that in the next 5-10 years, as various parties explore, traditional finance and RWA will accelerate integration, promoting the interconnection of global financial payment transactions.

Currently, the financial assets and technologies of Web3.0 have attracted the attention of many governments and mainstream financial institutions. Forms of tokenized funds such as fiat stablecoins, tokenized deposits, central bank digital currencies ( CBDC ), and asset tokenization represented by RWA are developing rapidly.

Hong Kong's exploration in this field is particularly noteworthy. The Hong Kong Monetary Authority has collaborated with multiple parties to develop the "Multi-Central Bank Digital Currency Bridge Platform" project and has announced the working group list for the wholesale central bank digital currency project (wCBDC) Ensemble, to support the interoperability of wCBDC, tokenized currencies, and assets.

Industry insiders believe that RWA will become a future development trend. It involves not only on-chain and off-chain interactions but also requires compliance and regulation. Under the premise of a完善 regulatory framework, RWA is expected to advance rapidly.

The development of ETFs synchronized with RWA attracts mainstream capital into the Web3.0 market. The approval of Bitcoin ETFs for listing and trading in the United States, Hong Kong, Australia, and other regions will significantly enhance market liquidity and further promote ecological innovation and development.

However, the development of Web3.0 cannot be separated from a sound top-level design. Experts recommend strengthening the research on "Token economics" to provide security for "Token economy" and digital assets. At the same time, how to balance regulation and innovative applications is the key to whether Web3.0 can develop healthily and rapidly.

Industry insiders generally hold a positive attitude towards the opportunities for China and Shanghai in the development of Web3.0. The report suggests that Shanghai should take action in six areas: leveraging the advantages of the digital economy, implementing special support policies, increasing financial support, promoting the construction of standard systems, creating a highland of industrial ecological innovation, and innovating the regulatory system.

Shanghai can leverage its advanced technologies and rich experience in fields such as fintech, artificial intelligence, and cloud computing, combined with the characteristics of its industrial structure, to lead with industrial digitalization, upgrade traditional productivity to new quality productivity, and promote the application of the Web3.0 industry.