It's interesting to think about the collaboration between Polymarket and Nasdaq. Polymarket is also engaged in Pre IPO business now, For example, you can bet on how much OpenAI will be worth next year or when SpaceX will go public. Previously, ICE, the parent company of the New York Stock Exchange, invested 2 billion yuan in Polymarket. Now, NPM, a subsidiary of NASDAQ, Just announced the signing of another exclusive agreement for Polymarket data. It can cover over 1600 unicorns such as OpenAI, Anthropic, SpaceX, Stripe, and VNet. I think there is one key point, It is the private equity valuation data that NPM has only paid institutions for decades, The first free public disclosure. In fact, ICE and Nasdaq are the two largest exchanges in the US stock market, Usually it's a competitive relationship. But in the matter of Polymarket, we still took action both front and back. And ICE's investment is not just in equity, We also obtained the global institutional distribution rights for Polymarket event data. Nasdaq did not contribute any money to this transaction, they only received data settlement and pricing power. One card is for distribution, and the other card is for pricing. It can also be considered that each occupies a strategic location in Polymarket. Encryption has not yet disrupted Wall Street. ， But Wall Street has already disrupted the blockchain.