The inscription I bought on Robinhood Chain two days ago, even if it drops by 70% today, it still doubles the mint price. If there were other projects, a 70% drop could have caused them to break, but this one did not, possibly due to the Anvil system. From the performance of the Anvil system, the market has basically formed a consensus that 'Anvil is an experimental project for RH asset tokenization'. ✅ So I think the Anvil protocol may have some major issues Let's first take a look at Anvil's internal logic: one ⃣ Deploy Logic ▪️ Step 1: The project team first has an NFT series, ▪️ Step 2: The project team will integrate the existing NFT series into Anvil. After integrating into Anvil, the project team will do three things internally: ▫️ Deploy the corresponding Collection Token (ERC-20 Token Series) ▫️ Anvil Market Contract ▫️ And establish a basic exchange relationship of 1 NFT=N Tokens two ⃣ NFT holder mechanism ▪️ At launch: NFT and Token run in parallel. Users who want to hold NFTs need to first purchase tokens on the Anvil market, and then mint NFTs (NFT projects that have been launched can be purchased by users on Opensea) Here we only talk about the logic during launch. After the user minds the NFT, the NFT holder has three options: ① Selling NFT: NFT → Anvil Market → Token ② Not selling, mortgage borrowing Token: NFT → mortgage on Anvil → lend Token ③ Keep NFTs and activate them to earn profits. This is the key point, probably because RH is interested in it. To earn NFT profits, users need to activate NFT profit permissions. How to activate them? For example, if you hold a "Crypto Dog NFT" and want to gain revenue access, you can purchase a "Crypto Dog Token" on the Anvil market, use this token to activate NFT revenue access, and after successful activation, the NFT will participate in the distribution of transaction fees/ERC-20 rewards according to its weight (95% of the tokens used during activation will be destroyed, and 5% will enter the vault). ✅ Match with Robinhood If Robinhood Chain only moves US stocks onto the chain, what is the difference from users purchasing on the Robinhood app, and how revolutionary can this be? Today Anvil is: Holding NFT → Activating NFT → Obtaining Reward Weight → Collecting transaction fees/ERC-20 rewards But abstracting this financial structure actually means: ▪️ Holding a certain on chain asset → Obtaining a certain equity → Agreement to continuously allocate another asset to you according to rules. After Robinhood's Stock Token comes in, theoretically, many new things can emerge. ▪️ For example: holding NVDA Token → entering a smart contract/vault → obtaining equity certificates → the protocol automatically processes various cash flows You receive: dividends/USDC/other stock tokens/index assets/revenue strategy shares ▪️ Even the reverse can be achieved: holding NVDA → receiving asset rewards such as TSLA/QQ ▪️ Alternatively, holding a basket of stocks → generating dividends/returns → automatic reinvestment → forming an on chain compound interest portfolio. In the future, you can even: NVDA+TSLA+AAPL → Vault → AI Agent (Artificial Intelligence Agent) management → Automatic adjustment/reinvestment/lending/hedging The user only holds one on chain credential ✅ This is the true inspiration that Robinhood x Anvil has given us: ▪️ Don't just understand Anvil as an NFT protocol, it truly showcases a template for "asset programmability": today it's about holding NFTs, destroying tokens, and receiving stock rewards; Tomorrow, it is entirely possible to hold NVDA and receive dividends, indices, loan returns, and even other financial assets. ▪️ Robinhood tokenizing stocks is just the first step, the real big story is to enable stocks to be combined, collateralized, rewarded, split, and automatically managed like DeFi. When Binance indirectly connects to the US stock market through bStocks, OKX through NYSE, Bybit through xStocks, and Bitget through Reality, Robinhood Chain is exploring on chain feasibility.