Vitalik and Dr. Xiao Feng jointly propose the launch of the Ethereum Application Alliance (EAG), inviting global Ethereum builders to co-create a new paradigm of collaboration.

Singapore, October 2, 2025 — During the globally watched Token2049 Summit, HashKey Group Chairman and CEO Dr. Xiao Feng, together with Ethereum co-founder Vitalik Buterin, jointly launched the "Ethereum Applications Guild" (EAG) initiative.

The initiative aims to bring together developers, researchers, teams, and institutions from the Ethereum ecosystem to jointly build an open, transparent, and sustainable collaboration mechanism, accelerate the development and real-world implementation of native applications, and promote the Ethereum ecosystem from an "infrastructure-led" to an "application-driven" new stage.

Starting Point: The Exploration of Shanhaiwu, the Prototype of EAG

The launch of this initiative is based on and carried by the three-year residency practice of "Shanhaiwu." As a native collaborative space initiated and supported by Dr. Xiao Feng in 2023, Shanhaiwu has been established in Beidahu, China, Chiang Mai, Thailand, and Singapore, gathering global builders to engage in real-world collaboration around AI, crypto, public chain ecosystems, and public goods.

Through three years of Shanhaiwu’s practice and accumulation, experimental participants have deeply realized that the Ethereum ecosystem does not lack technology or imagination; what it truly lacks is a sustainable and structured co-building mechanism—public goods and community support funding remain limited, and large-scale real-world applications have yet to emerge. The concept of EAG was proposed precisely based on the exploration, accumulation, and problem discovery at Shanhaiwu, aiming to fundamentally address the ecosystem’s structural needs in application implementation, public goods support, and cross-disciplinary collaboration.

Vision: Co-building a Collaborative Mechanism to Accelerate Real-World Application Implementation

EAG is not a traditional foundation or accelerator, but an open initiative exploring the construction of a global collaborative network for Ethereum native applications. Using Shanhaiwu as the main application incubation venue, it encourages more developers to build, validate, and advance solutions to real-world problems. This initiative does not propose an organizational entity, but a mechanism concept, aiming to build a new generation of collaboration paradigm for Ethereum ecosystem builders.

Call to Action: From East to West, Inviting Global Ethereum Ecosystem Builders to Co-Create

At the launch event, Dr. Xiao Feng stated: The initiation of the EAG initiative symbolizes a key moment for the Ethereum application layer to "break out of its shell"; the establishment of such an alliance is to unite all parties to welcome the arrival of Ethereum and even the blockchain world’s "1995 moment"—a new era of explosive application growth.

HashKey will continue to invest in building the Ethereum ecosystem as always, and also welcomes more native applications to develop and grow on HashKey Chain L2, jointly enriching Ethereum’s application layer.

Ethereum co-founder Vitalik Buterin attended the event and jointly launched this initiative. In his speech at Shanhaiwu·Singapore the previous day, Vitalik stated: He hopes that in the future, more long-term community builders like Shanhaiwu, especially at the application layer, will choose Ethereum as their infrastructure base and jointly promote the ecosystem’s real-world implementation.

Extending an Invitation to the Global Ethereum Ecosystem

Currently, the EAG initiative is in its early consensus stage. The alliance sincerely invites ETH treasury companies, tech companies, Layer2 teams, developer communities, protocol organizations, and research institutions from around the world to join together, aggregate multiple stakeholders, and co-build a new bottom-up, truly collaborative paradigm for Ethereum applications, propelling the Ethereum ecosystem from the infrastructure era into a golden stage of real-world impact.