In the process of scaling Web3 applications, one unavoidable question stands before us: Is privacy an optional attribute or a necessity?

Once, privacy was more like a demand from a minority. But the situation has long since changed. With explosive growth in on-chain transaction volume and influxes of institutional funds, everyone knows what a completely transparent ledger means for real-world financial scenarios—disclosure of trade secrets, counterparties profiting, regulatory risks. Privacy has shifted from "nice to have" to "must-have."

Interestingly, the emergence of projects like Dusk itself indicates a shift in industry mindset. They did not choose the easiest path to attract attention—such as pure privacy narratives or radical decentralization declarations—but instead faced the reality of regulatory environments and compliance constraints head-on. Frankly, this may have seemed less "sexy" in the early days, and user and market feedback might have been lukewarm. But this pragmatic attitude, viewed over a five- or ten-year cycle, could very well be the most critical differentiator.

When on-chain finance truly needs to connect with real-world assets and mechanisms—this is not a question of if, but when—the value of underlying privacy infrastructure may be thoroughly reevaluated. At that time, projects that got this right early on might be the ones to come out on top.