This is my first brief talk about Metaplex. Many people know Metaplex because of NFTs, but in fact, the vast majority of token and NFT issuance standards on Solana are supported by Metaplex. Recently, they upgraded Genesis to the Genesis SDK, not a launchpad, but a complete token issuance infrastructure for projects: From token economics design, presales/auctions, liquidity management, and airdrop rules to regional restrictions and anti-airdrop measures, everything can be done at the protocol layer. Projects are already using it, such as Portals and Pipe Network. This is a typical "utility" infrastructure—it doesn't show its value in the short term, but its long-term value is clear. I will continue to follow this closely $MPLX 😊