Alice-007-凌凌七

Throughout the development of decentralized projects, the community has always played an indispensable role. The level of community engagement, cohesion, and governance capability directly determines the vitality and long-term development potential of the project's ecosystem. Since its inception, Walrus Protocol has placed great emphasis on community building and governance, stimulating community vitality and refining governance mechanisms through a series of innovative initiatives, thereby injecting strong internal momentum for the flourishing development of the ecosystem.
Soul-bound NFT airdrops represent a major highlight in Walrus community development. Prior to mainnet launch, the project distributed a 4% airdrop of WAL tokens to early supporters via soul-bound NFTs. The non-transferable nature of soul-bound NFTs ensures that airdrops truly reach community members with long-term confidence in the project, effectively identifying core community users. This precise community incentive approach has laid a solid user foundation for the project's early-stage community building.

Cryptographic custody remains one of the biggest obstacles for traditional financial institutions entering the crypto space. How to ensure asset security while meeting compliance auditing and privacy protection requirements has long been a core challenge in the industry. The vault solution jointly launched by Dusk Foundation and Cordial Systems, through technological innovation, has triggered a technological revolution in cryptographic custody, successfully addressing the pain points of institutional entry and opening the door for traditional financial institutions to access the crypto market.
Traditional cryptographic custody models are mainly divided into centralized custody and decentralized custody, both of which have obvious drawbacks. Centralized custody institutions, although possessing certain compliance capabilities, face the risk of single points of failure; once a security vulnerability occurs, user assets may be lost. Decentralized custody, while offering higher security, poses significant challenges for compliance auditing and is difficult to meet the regulatory requirements of traditional financial institutions. Dusk's vault solution integrates the advantages of both approaches, achieving a triple guarantee of 'security, compliance, and privacy' through zero-knowledge proof technology.

In the Web3 ecosystem, on-chain silos are one of the key factors restricting project development. The fragmentation among different blockchain networks leads to restricted data flow and inefficient ecosystem collaboration. Walrus Protocol deeply recognizes this issue and, from the very beginning of its design, established a chain-agnostic development positioning and actively promotes a multi-chain expansion strategy, aiming to break down on-chain barriers and achieve coordinated development across cross-chain ecosystems.
Walrus was initially built on the Sui network, a choice that provided a solid foundation for the project's rapid start. The high throughput, low latency, and robust smart contract capabilities of the Sui network perfectly match Walrus's needs for coordinating storage operations. However, the project team did not limit itself to a single blockchain but actively explored cross-chain expansion possibilities. Through a chain-agnostic design, Walrus can flexibly adapt to different blockchain networks, providing technical support for implementing a multi-chain expansion strategy.

Regulatory technology (Regtech) is becoming a key bridge between blockchain and traditional finance, and the full implementation of the EU's MiCA regulation provides a clear framework for compliant development of blockchain projects. As a practitioner of blockchain Regtech, the Dusk Foundation has seamlessly integrated technological innovation with compliance design, perfectly meeting the requirements of the MiCA regulation and setting a benchmark for compliant industry development.
The core objective of the MiCA regulation is to support financial innovation while maintaining financial stability and protecting consumer rights. It provides clear classification of crypto assets and imposes strict requirements on issuers and service providers regarding准入许可, management operations, and reserve assets. For blockchain projects, complying with MiCA is not only a prerequisite for market access but also the foundation for achieving sustainable business development. Dusk has made compliance a core design principle since its inception, and this forward-looking strategic choice has enabled it to quickly gain a competitive edge after MiCA came into effect.

The core essence of decentralized storage lies in achieving secure data storage and efficient retrieval through a distributed node network. The scale, distribution, and stability of the node network directly determine the performance and reliability of the entire storage system. Since its inception, Walrus Protocol has prioritized node network development, driving expansion and optimization through a series of initiatives, laying a solid foundation for achieving decentralized storage goals.
Currently, Walrus data is distributed across hundreds of node networks, widely spread across the globe, effectively eliminating the risk of single points of failure. This distributed node architecture not only enhances network stability but also optimizes data retrieval paths based on users' geographical locations, improving retrieval efficiency. However, the project team is not satisfied with this progress and plans to further expand the node network to thousands of nodes, enhancing network resilience and reliability through even larger-scale node distribution.

The stablecoin market, after a period of unregulated growth, is now entering a new era of regulatory compliance. The full enforcement of the EU's MiCA regulation imposes strict requirements on stablecoin issuance, reserves, and trading, forcing many non-compliant stablecoins to exit the European market. In this context, EURQ, launched through a collaboration between Dusk Foundation and Quantoz, has become the new benchmark for European stablecoins, thanks to its compliant design and technological advantages, and is reshaping the on-chain payment ecosystem.
The core competitiveness of EURQ lies in its comprehensive compliance. As a legally recognized euro-pegged stablecoin in the European Union, EURQ fully meets all requirements set forth by the MiCA regulation for electronic money tokens (EMT). MiCA regulation clearly defines issuer qualifications, reserve asset management, redemption mechanisms, and capital requirements for stablecoins, aiming to protect consumer rights and financial stability. The issuer of EURQ, Quantoz, holds an electronic money institution license, and its reserve assets fully comply with MiCA requirements, enabling 1:1 euro redemption. This compliance establishes a legal foundation for EURQ in the European market and has earned the trust of institutions and users alike.