The true value of blockchain, frankly, depends on what kind of applications it can support. Today, let's take a look at what is actually being incubated in the Dusk track.

Recently, a batch of financial applications focused on privacy protection has entered the testing phase. Among them, a particularly notable one is a compliant digital securities issuance and trading platform — this sounds simple, but the underlying technology requirements are far from easy.

The cleverness of these applications lies in fully leveraging Dusk's built-in privacy mechanisms. Qualified investors can conduct asset transactions while fully protecting their privacy, which is almost impossible in traditional finance. Privacy and compliance are often at odds, but here they are made compatible.

Another key focus is the tokenization of real-world assets. The concept isn't new, but the actual implementation reveals the difficulty — real estate, artworks, fund shares, these tangible assets, after tokenization, circulate within a compliant framework, opening up a completely different market space. Imagine how poor the liquidity of traditional assets is, and what it will be like after tokenization.

All of this has been possible today thanks to the support of early strategic partners. They are not just dreamers but are involved with real business needs in ecosystem building, giving Dusk's technology a chance to truly land rather than stay in the white paper stage.

Ecosystem expansion will follow naturally. As foundational tools become more mature, developers' creativity will be stimulated, and various applications will emerge one after another. The logic is straightforward — excellent infrastructure attracts innovation, and innovation, in turn, enriches the ecosystem.

However, one thing worth emphasizing: security must always come first. Every ecosystem application is built on Dusk's solid privacy and security layer, giving participants peace of mind. In this field, if security issues arise, even the most promising prospects are worthless.

Community enthusiasm is also very high. Seeing those theoretical advantages gradually turn into practically usable products is truly satisfying. From concept validation to product deployment, the process itself is the best proof.

Honestly, the development potential of the Dusk ecosystem has been seriously underestimated. As infrastructure gradually improves, innovative financial applications will definitely enter a stage of vibrant diversity. This is not just optimistic speculation but a rational judgment based on current progress.