Ethzilla, an Ethereum treasury company, has announced the launch of its first tradable tokenized aviation asset on the Ethereum network. The asset is backed by Boeing 737-800 aircraft engines leased to major U.S. airlines (U.S. Air Carrier) as underlying collateral. Ethzilla transforms physical aviation assets into on-chain digital tokens through its proprietary "Tokenized Trust" structure, allowing accredited investors to access cash flow yields generated by aircraft engine leasing through the secondary market.
Wu said that Ethereum founder Vitalik Buterin wrote a long article discussing the rationality boundaries of crypto incentives, pointing out that ideal incentives should only be used to compensate for unavoidable temporary costs before the protocol matures, rather than attracting low-quality users who will never use it after the protocol matures. Vitalik emphasized that liquidity rewards in the DeFi space are justified because they compensate for early risk, but simply paying tokens in exchange for social attention, such as tweet subsidies, often undermines community quality and leads to user churn after incentives dry up. He called on the industry to return to its essence and focus on developing applications that really work, rather than maintaining false prosperity through indiscriminate payments.