Looking at the booming overseas DeFi, NFT, and RWA markets, but how can domestic players participate? Actually, as long as you find the right direction, there's no need to overthink.

First, let's clarify the red lines—issuing tokens, trading tokens, fundraising, and transactions are absolute no-go zones. USDT-related matching, pricing, and promotion immediately lead to issues. But if you remove these financial attributes, there are four paths that can be pursued steadily.

**First: Pure Technical Infrastructure** Treat blockchain as a distributed database. This path is the clearest. Enterprises need notarization and traceability systems, government agencies require trusted data platforms, and scenarios like supply chain collaboration and judicial notarization are involved. The B-end monetization model is clean and transparent, with zero financial risk.

**Second: De-financialized Digital Assets** Don't obsess over NFT speculation anymore. Digital collectibles, brand membership certificates, and digital copyright identifiers are the entry points. The core logic is to leverage the immutability of the chain as a credential carrier to solve real problems, rather than promoting investment returns.

**Third: Web3 Peripheral Services** Compliance, legal, and risk control are long-term businesses. Overseas exchanges and DeFi projects need on-chain monitoring, anti-money laundering support, and architecture consulting. Although this track isn't as glamorous, it is increasingly in demand, especially suitable for teams aiming for steady growth.

**Fourth: Division of Labor Internally and Externally** Domestic teams focus on R&D, product development, auditing, and data analysis, while token issuance, transaction clearing, and fund custody are handled by overseas entities. Serving clients also remains offshore, which maximizes risk control.