UK May Seasonally Adjusted Goods Trade Balance

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Web3 games are facing a large-scale shutdown, and the industry is in trouble. Recently, several well-known Web3 gaming projects have announced their shutdowns, raising concerns in the industry about the prospects of this emerging field. Starting in 2025, there has been a large-scale project halt phenomenon in the Web3 gaming sector, including projects like Tatsumeeko, Nyan Heroes, and Blast Royale, which had previously garnered a lot of attention, all announcing the termination of their development. Even the MMORPG project Ember Sword, which raised over $200 million, suddenly closed, shocking players. The reasons for this situation mainly include: 1. Funding dilemma. Most projects indicate that they are unable to secure the funding needed for continued development. According to statistics, the financing amount for Web3 gaming projects in the first quarter of 2025 has decreased by 68% year-on-year and by 71% quarter-on-quarter, showing a significant cooling of investment enthusiasm. 2. User churn. Many projects find it difficult to

Asset Tokenization: Underlying Logic and Pathways for Large-Scale Application The most eye-catching topic in the blockchain field in 2023 is undoubtedly the tokenization of real-world assets. This concept has not only sparked heated discussions in the Web3 world but has also attracted significant attention from traditional financial institutions and government regulatory agencies in many countries, being regarded as a strategic development direction. For example, several authoritative financial institutions have successively released their own research reports on tokenization and are actively promoting related pilot projects. At the same time, the Hong Kong Monetary Authority clearly stated in its 2023 annual report that tokenization will play a key role in Hong Kong's financial future. In addition, the Monetary Authority of Singapore, together with the Financial Services Agency of Japan and several financial giants, launched an initiative called the "Guardian Program" to deeply explore the enormous potential of asset tokenization. Although the topic of RWA is at its peak, there are disagreements in the industry regarding the understanding of RWA, particularly concerning its feasibility and prospects.