That digital sculpture transaction made me realize what the sense of powerlessness in reality truly means. Artists only need Ethereum, while my assets are scattered across other chains; when I finally try to transfer, the Gas fees are astronomical; and the most ironic part is that the same piece is priced with completely different platform tokens in the virtual world next door. I feel like a traveler holding various foreign currencies but unable to find a currency exchange at the airport—no matter how much assets I have, it’s all useless.

At that moment, I realized: the virtual world is taking the oldest and most extreme path of traditional finance, and doing so even more decisively.

**Each chain is establishing its own independent domain**

Look at the current metaverse ecosystem. Game A issues its own token, platform B also issues its own token, and social world C comes with another set. The coins you earn here become worthless there. This is not a minor issue—it directly freezes the possibility for artists to hold cross-platform exhibitions and discourages players from transferring assets between different worlds. Liquidity is thus painfully sliced into countless pieces.

Traditional stablecoins like USDC seem to solve the "pricing standard" problem, but the underlying logic is actually quite convoluted: they are simply dollar shadows on the chain, with credit fully dependent on the real-world financial system, which is fundamentally different from the internal logic of virtual economies.