Ella Zhang, Head of YZi Labs: Believing that cryptocurrency is an independent innovation is the biggest misjudgment in the past According to Foresight News, Ella Zhang, the head of YZi Labs, stated during a live broadcast on Binance Online that initially Binance Labs only invested in the blockchain and cryptocurrency fields. However, at that time, she overlooked the fact that major innovations and industrial changes would not be limited to a single field. If she had a longer-term vision in the early stages, she might have invested more in AI companies. \Ella Zhang stated that the most important focus this year is on using AI agents to establish intent based decision-making mechanisms. The most important issues include how to achieve permissionless and trustworthy payments, how to make users truly trust their AI agents, and how to use technologies such as zero knowledge proofs to ensure that personal data is only used for model training. YZi Labs is investing a lot of effort in finding technologies to solve these problems. \In terms of RWA, Ella Zhang stated that a major challenge currently faced is the custody solution for high-quality stocks and equity, including how to put real estate property rights on the chain and achieve trustlessness. The infrastructure in this area still needs to be improved to make it easier for people to accept tokenized assets. In addition, liquidity is also an urgent problem to be solved. How to establish a sufficiently efficient liquidity pool and how to have sufficient liquidity to present fair prices of stocks before listing. \Finally, Ella Zhang stated that in the future, Web3 projects do not necessarily need to issue additional tokens, but can tokenize equity. We will see more and more blockchain and cryptocurrency companies listing on traditional stock markets instead of necessarily issuing tokens.