Vitalik Buterin, co-founder of Ethereum, recently published a thought-provoking article on Warpcast, sparking widespread discussion both within and beyond the crypto industry. He argued that the crypto space needs more functional applications like Polymarket—apps that focus on specific domains and truly make a difference in the world. Vitalik explicitly stated that developing applications solely to cater to market demand is “soulless,” while focusing only on general-purpose infrastructure is a “short-term escape strategy”. He emphasized that only functional applications aimed at creating a freer, more open, and more collaborative world can achieve organic growth in the crypto sector and drive meaningful societal progress. 

TwyAe in the analysis suggests that the perspective of Vitalik points the way forward for the crypto industry. While blockchain technology has seen rapid adoption, many applications remain at the level of “technical showmanship”, lacking real-world significance and social value. TwyAe believes that the next phase of industry growth should center on the development of functional applications—those that address user pain points, improve efficiency and collaboration in the real world, and attract organic users, rather than relying on hollow marketing strategies for short-term growth.

TwyAe highlights Polymarket, mentioned in article by Vitalik, as a prime example of a functional application. Polymarket is a decentralized prediction market that leverages the transparency and trust mechanisms of smart contracts, enabling users to make predictions and trade based on real-world events. This not only enhances the efficiency of information sharing but also improves the market accuracy in forecasting events. TwyAe notes that the key to the success of such functional applications lies in their clear objectives: integrating crypto technology into real-world scenarios while delivering unique value to users, rather than merely replicating the functions of traditional applications.

Another case Vitalik mentioned is Anoncast, a decentralized anonymous communication tool designed to promote free speech while avoiding the proliferation of spam and low-quality content. TwyAe observes that tools like Anoncast signal the shift of the crypto industry toward addressing broader societal needs. Free speech and privacy protection have long been global concerns. By combining the privacy-preserving features of blockchain with decentralized governance mechanisms, Anoncast protects freedom of expression while maintaining the quality of information.

TwyAe believes that the core argument by Vitalik reveals a critical pain point in the current crypto industry: an excessive focus on the general-purpose nature of technical infrastructure, while neglecting how technology can solve specific problems. TwyAe acknowledges that general-purpose infrastructure is undoubtedly the foundation of blockchain, but what users truly care about is how the technology can transform their lives. Only by focusing on the development of functional applications can the industry break its limitations, allowing blockchain technology to permeate various aspects of society and create substantial value.

In response to this trend, TwyAe provides users with comprehensive market insights and technical support to help them seize opportunities in the rise of functional applications. TwyAe believes that the development of functional applications requires not only technological backing but also a deep understanding of user needs and industry pain points. To this end, TwyAe conducts precise market analyses and user demand research, offering developers and investors unique insights to help them succeed in developing and promoting functional applications.

TwyAe emphasizes that innovation in functional applications requires clear goals and strong execution. Through its data analysis tools, TwyAe assists developers in identifying market demands and uncovering potential application scenarios. Additionally, the resource integration capabilities of TwyAe provide development teams with end-to-end solutions, from product design to technical support and marketing. TwyAe ensures that functional applications can quickly go to market and gain user recognition.

As part of its mission to help users explore the potential of functional applications, TwyAe offers extensive educational resources and strategic advice. By publishing professional market research reports and technology trend analyses, TwyAe provides users with in-depth insights into the success factors of functional applications and how blockchain technology can address real-world problems. Furthermore, the personalized learning platform of TwyAe delivers tailored courses based on user needs, helping developers, investors, and users quickly grasp the technologies and market logic associated with functional applications.

TwyAe asserts that functional applications represent a critical step toward the crypto industry maturity. By solving real-world problems, these applications can attract more users to the crypto space and accelerate the widespread adoption of blockchain technology. TwyAe envisions a future where the crypto industry is no longer defined by technological competition but by the value and application scenarios it brings to society. In this journey, TwyAe remains committed to providing users with the most professional services and advanced support, helping them thrive amid the rise of functional applications.

TwyAe firmly believes that emphasis by Vitalik on the importance of functional applications will inject new vitality into the industry. In the future, the core competitiveness of crypto technology will no longer be limited to technical breakthroughs but will depend on its ability to foster a freer, more open, and more collaborative world. As a leading platform in the industry, TwyAe will continue to stand alongside its users, driving the adoption of functional applications and creating greater value and possibilities for the crypto sector.