Xiao Feng: Ethereum's long-term value remains; AI and crypto convergence extends beyond payments
BIBIBI
AT A GLANCE
Xiao Feng believes that Ethereum, as a blockchain infrastructure, still has an important application foundation.
Article
Xiao Feng: Ethereum does not need a renaissance; the convergence of AI and crypto extends beyond payments
PANews, September 22: ETHShanghai 2026, co-hosted by ETHPanda, PANews, and The Excited Few, officially opened today in Shanghai. Dr. Xiao Feng, Vice Chairman of Wanxiang Holdings and Chairman of Wanxiang Blockchain, stated that his support for Ethereum in the past was not merely an investment judgment, but a recognition of its philosophy of using blockchain as a new type of ledger system to support third-party development of various applications. He believes that Ethereum's original intention was to build application-oriented infrastructure. Although there are aspects of its development worth reflecting upon, its long-term value remains worthy of attention. Ethereum does not need a renaissance; he argues that as a blockchain infrastructure with a high market share, Ethereum still possesses a significant application foundation. The ultimate fate of all infrastructure is to be forgotten. The deeper the infrastructure is embedded in the underlying layers, the less users and application developers need to directly perceive...
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Key points
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Xiao Feng stated that he supported Ethereum in the past because he recognized its philosophy of using blockchain to support third-party application development.
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Xiao Feng believes that Ethereum's original intention was to build application-oriented infrastructure.
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Xiao Feng stated that Ethereum does not need a renaissance.
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Xiao Feng believes that Ethereum, as a blockchain infrastructure with a high market share, still has an important application foundation.
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ETHShanghai 2026 officially opened in Shanghai on September 22.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Infrastructure can be understood as the underlying system that supports the operation of other applications. Xiao Feng's view is that the value of Ethereum lies not only in its short-term market performance but also in its ability to provide underlying support for applications; the deeper this infrastructure is embedded at the foundational level, the less users need to directly perceive it.
Why it matters to readers
This indicates that Xiao Feng focuses on the long-term value of Ethereum as an application infrastructure, rather than just its investment attributes.
Beginners can use this to understand the difference between “blockchain infrastructure” and specific applications: the former provides underlying support, while the latter is built on top of it.
Risks and unknowns
The original content is truncated and does not provide Xiao Feng's specific explanation of how the integration of AI and crypto extends beyond payments.
It is not possible to confirm from the existing content which issues in Ethereum's development process Xiao Feng reflected upon.
No specific data or comparison scope is provided for the claim of “relatively high market share.”
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Related concepts
Blockchain infrastructure
This term is not in the glossary yet. Browse related concepts in the glossary.
