Perang Tanpa Nama Seragam: Peta Dunia Model dari Para Raksasa Domestik

marsbitPublished on 2026-06-25Last updated on 2026-06-25

Abstract

"Dunia Model" belum memiliki nama yang seragam di industri. Beberapa menyebutnya Dunia Model, Dunia Model Dasar, AI Fisik, atau menyembunyikannya dalam arsitektur seperti model mobil otonom, VLA, atau sistem kecerdasan embodied. Di balik kebingungan penamaan, intinya sama: membuat mesin membangun lingkungan dinamis internal yang dapat disimulasikan dan dianalisis ulang, mengurangi ketergantungan pada data nyata, dan memampatkan dunia nyata menjadi mesin data yang dapat menghasilkan, mencoba, dan mengulang tanpa batas. Raksasa internet seperti Alibaba, Tencent, ByteDance, Huawei, dan Baidu memiliki pendekatan berbeda. Alibaba meluncurkan tiga model untuk dunia bahasa, virtual, dan fisik. Tencent fokus pada dunia 3D yang dapat diedit untuk game dan sosial. ByteDance memanfaatkan data video, sementara Huawei dan Baidu mengintegrasikan kemampuan ini ke dalam sistem mobil dan AI yang lebih besar tanpa menyebutnya secara terpisah. Produsen mobil seperti NIO, Li Auto, XPeng, Geely, BYD, dan Great Wall menggunakan Dunia Model sebagai "sekolah menyetir dan ujian" untuk pelatihan dan simulasi sistem mengemudi otonom. Mereka menggunakannya untuk menghasilkan skenario kompleks, meningkatkan keamanan, dan mempercepat pengembangan. Penyedia teknologi seperti Momenta, Horizon Robotics, Haomo.AI, dan DeepRoute bertindak sebagai "mesin dunia tersembunyi" di balik layar. Mereka menyediakan model dan platform simulasi yang membantu pabrikan menguji dan menyempurnakan sistem L3/L4. Perusahaa...

Nama "model dunia" hingga saat ini belum memiliki kartu nama yang seragam di kalangan industri. Ada yang menyebutnya model dunia, ada yang model dasar dunia, ada pula yang menyebutnya AI fisik, sementara yang lain menyembunyikannya dalam arsitektur model besar otonom, VLA, atau sistem kecerdasan berwujud tanpa memberi nama khusus.

Qwen-AgentWorld, HappyOyster, Qwen-RobotWorld milik Alibaba masing-masing mengarah ke dunia bahasa, dunia virtual, dan dunia fisik; HY-World milik Tencent lebih condong ke dunia 3D yang dapat diedit; produsen mobil lebih suka menyebut model dunia mengemudi atau model perilaku dunia; Huawei dan Baidu bahkan tidak secara terpisah meneriakkan empat kata "model dunia".

Di balik kekacauan penamaan, semua orang sebenarnya melakukan hal yang sama:

Membuat mesin membangun lingkungan dinamis yang dapat disimulasikan dan dievaluasi di dalam dirinya sebelum benar-benar bertindak, mengurangi ketergantungan tak terbatas pada data nyata, dan mengompres dunia nyata menjadi mesin data yang dapat menghasilkan, membuat kesalahan, dan mengulang tanpa batas.

Sementara perusahaan rintisan masih pusing dengan hak pengumpulan data dan anggaran daya komputasi, Alibaba, Tencent, Huawei, NIO, Xpeng, dan Li Auto telah diam-diam menjadikan model dunia sebagai jalur perlombaan baru.

Model dunia adalah sebuah ambisi: membuat AI melampaui pengenalan dunia, dan terlebih dahulu membayangkannya di dalam pikiran.

Produsen mobil otonom ingin menggunakannya untuk menghasilkan "soal ujian" tentang hujan, salju, dan hambatan bentuk aneh; tim kecerdasan berwujud ingin menggunakannya untuk membuat robot jatuh cukup 100.000 kali dalam simulasi sebelum keluar; perusahaan game dan sosial ingin menggunakannya untuk menciptakan alam semesta paralel yang dapat membuat manusia tenggelam di dalamnya.

Cara raksasa teknologi masuk ke arena ini memiliki penekanan berbeda, tetapi tujuan intinya sama: mengompres dunia nyata menjadi mesin data yang dapat disimulasikan dan dievaluasi tanpa batas.

I. Raksasa Internet:

Dari Dunia Digital ke Dunia Fisik

Tata letak model dunia Alibaba paling mirip "menyusun barang-barang di rak satu per satu".

Pada Juni 2026, dalam beberapa minggu berturut-turut ia mengeluarkan tiga kartu:

Seri Qwen-Robot pada 16 Juni, HappyOyster 1.0 pada 17 Juni, dan Qwen-AgentWorld pada 24 Juni.

Qwen-AgentWorld adalah model dunia bahasa asli, ia tidak menghasilkan gambar, tetapi menghasilkan lingkungan — dalam tujuh lingkungan MCP, pencarian, terminal, rekayasa kode, Web, sistem operasi, dan Android, model dapat mensimulasikan interaksi nyata, belajar mandiri, dan mengasah diri dengan pembelajaran penguatan. Ia menawarkan dua skala: arsitektur MoE dengan total parameter 35B dan 397B, dengan parameter aktif masing-masing 3B dan 17B; data pelatihan berasal dari lebih dari 10 juta lintasan interaksi lingkungan nyata; model dan tolok ukur evaluasi AgentWorldBench telah bersumber terbuka. Ini sama saja dengan menjadikan model dunia sebagai "tempat pelatihan" agen, bukan sekadar "hiasan".

HappyOyster 1.0 menunjukkan wajah yang berbeda, ia lebih mirip "set film yang dapat dimainkan": pengguna memberikan satu kalimat atau gambar, ia menghasilkan dunia terbuka, dan dalam dua mode "eksplorasi dunia" dan "sutradara real-time" memungkinkan pengguna ikut campur sesuka hati. Mode eksplorasi mendukung perpindahan dan kontrol kamera kontinu real-time hingga 1 menit, mode sutradara dapat menghasilkan gambar real-time 480p/720p selama lebih dari 3 menit. Alibaba memposisikannya sebagai pintu masuk industri untuk game interaktif, pendampingan virtual, drama pendek interaktif, dan pengalaman wisata budaya.

Qwen-RobotWorld bergerak ke arah lain, ia adalah "otak pemikir" dalam paket tiga kecerdasan berwujud Alibaba, berkolaborasi dengan model operasi VLA Qwen-RobotManip dan model navigasi VLN Qwen-RobotNav, dengan tujuan memberikan robot dunia batin yang dapat dipratinjau.

Ketiga hal ini digabungkan, Alibaba secara bersamaan memperebutkan hak definisi dunia bahasa, dunia virtual, dan dunia fisik.

Hunyuan Tencent mengambil jalur lain, seri HY-World-nya lebih seperti "membangun pabrik otomatis game 3D".

Pada Juli 2025, Tencent merilis dan membuka sumber model dunia 3D Hunyuan 1.0 di WAIC; pada Desember ditingkatkan ke versi 1.5; pada April 2026 merilis dan membuka sumber HY-World 2.0. Input dapat berupa teks, gambar tunggal, banyak gambar, video, bahkan model polos, output dapat berupa 3DGS, Mesh, point cloud.

Versi 2.0 memperkenalkan modul HY-Pano 2.0, WorldNav, WorldStereo 2.0, WorldMirror 2.0, yang menghubungkan generasi dunia, rekonstruksi dunia, gambar panorama, dan generasi dunia real-time menjadi satu lingkaran tertutup.

Kelebihan Tencent terletak pada skenario game dan sosial, pengguna sebenarnya HY-World bukan melatih mobil otonom, tetapi membuat level game, pembuatan film virtual, dan digital twin.

Proyek model dunia ByteDance lebih seperti "perjalanan rahasia" dengan gen data video pendek.

Pada Agustus 2025, The Information mengungkap tim Seed ByteDance sedang mengembangkan model dunia, dipimpin oleh Zhou Chang, mantan anggota inti Tongyi Qianwen. Kartu truf terbesar proyek ini adalah aliran video harian lebih dari 1 miliar kali dari Douyin dan TikTok, serta kerangka EX-4D — yang dapat mengubah video monokular menjadi adegan 4D multi-perspektif. Sasaran utamanya adalah Genie 3 Google dan V-JEPA 2 Meta, tujuannya bukan membuat generator video yang cantik, tetapi membangun "digital twin" yang dapat mensimulasikan hukum fisika.

Dalam konferensi FORCE Momentum Asli Volcano Engine pada 23 Juni 2026, ByteDance tidak secara langsung merilis model dunia ini, tetapi menunjukkan seri Doubao Seed 2.1, model generasi video Seedance 2.5, model generasi gambar Seedream 5.0 Pro, dan model generasi audio baru.

Sementara laporan eksklusif 36Kr merangkum strategi AI ByteDance tahun 2026 menjadi empat proposisi: model dunia mencapai SOTA global pada akhir tahun, Seedance mengeksplorasi generasi dinamis, Coding mengokohkan dasar, Doubao mempercepat komersialisasi.

Ini berarti, model dunia adalah proposisi pertama di dalam ByteDance, hanya saja ia memilih untuk menempatkan Seedance dan Doubao di depan, sambil terus mempersiapkan jurus andalannya.

data-check-id="575028">Model dunia Pangu Huawei memiliki aura "rendah hati tetapi mematikan".

Pada konferensi pengembang Juni 2025, Huawei merilis model besar Pangu, berbasis model multimodal besar Pangu, kemampuan intinya adalah menghasilkan ruang digital fisik berpresisi tinggi dari satu gambar. Ia dapat memprediksi tabrakan, melatih lengan robot untuk mengambil, juga menghasilkan video mengemudi dan point cloud LiDAR, membantu model end-to-end ADS Huawei mencapai "satu versi setiap dua hari".

Huawei tidak meneriakkan slogan "model dunia", melainkan menjadikannya sebagai "dasar pelatihan" untuk mobil pintar dan kecerdasan berwujud. Kolaborasi dengan GAC adalah contoh tipikal: video 2D dan point cloud 3D berkorespondensi tingkat piksel, memulihkan kasus sudut kompleks dalam hitungan menit.

Pada HDC 2026 bulan Juni 2026, Huawei meningkatkan model besar Pangu ke versi 7.0, dan merilis Ascend 910C, dengan Yu Chengdong kembali memimpin Pangu, tetapi tidak ada berita versi baru terpisah untuk model dunia itu sendiri.

Pemikiran "model dunia tidak berdiri sendiri, melainkan melayani siklus industri tertutup" ini adalah gaya konsisten Huawei.

Baidu masuk lebih awal di bidang mobil otonom, Apollo ADFM yang dirilis Mei 2024 diposisikan sebagai "model besar mobil otonom pertama di dunia yang mendukung L4".

Meskipun Baidu tidak menamainya model dunia, pada dasarnya ia memiliki fungsi model dunia: memahami dunia fisik, memprediksi perilaku partisipan lalu lintas melalui jaringan saraf end-to-end. Pada November 2025, model besar Wenxin 5.0 muncul dalam bentuk multimodal asli penuh, dengan skala parameter mencapai 2,4 triliun; versi resmi diluncurkan Januari 2026.

Kemampuan model dunia Baidu telah tersembunyi dalam strategi yang lebih besar. Strategi Baidu adalah: tidak membicarakan model dunia secara terpisah, tetapi membiarkan Apollo dan Wenxin saling melengkapi.

Xiaomi dan SenseTime mewakili dua jenis "aliran teknis".

Xiaomi OneVL yang dibuka sumber oleh Xiaomi pada 13 Mei 2026, menyatukan VLA, model dunia, dan penalaran ruang laten ke dalam satu kerangka, menekankan keterjelasan proses penalaran visual, menciptakan komponen dasar yang dapat digunakan baik untuk mobil otonom maupun kecerdasan berwujud.

"Kaiwu" dari SenseTime's Jueying lebih seperti "sopir berpengalaman" yang sudah bekerja, dalam laporan Frost & Sullivan September 2025, ia didefinisikan sebagai model dunia pertama di industri yang telah diproduksi massal dan dapat berinteraksi, mampu menghasilkan video mengemudi 150 detik, 1080P, 11 perspektif, dan mengendapkan kumpulan data mengemudi generatif skala terbesar di industri WorldSim-Drive dan perpustakaan skenario generatif jutaan.

Pada Juni 2026, Daxiao Robotics yang didirikan oleh pendiri bersama SenseTime Wang Xiaogang mengumumkan telah menyelesaikan pendanaan ratusan juta dolar AS, model dunia Kairos 3.0-nya menduduki peringkat pertama dalam empat daftar utama generasi-prediksi pada dimensi generasi video berwujud dan pengejaran instruksi tugas.

Model dunia dari keluarga SenseTime, sedang menyebar dari mobil pintar ke robot.

II. Produsen Mobil:

Menjadikan Model Dunia sebagai Sekolah Mengemudi dan Tempat Ujian

Jika model dunia raksasa internet adalah "membangun dunia", maka model dunia produsen mobil adalah "menggunakan dunia".

NIO adalah produsen mobil China yang pertama kali mengibarkan bendera model dunia.

Pada NIO IN Juli 2024, Ren Shaoqing meluncurkan NWM (NIO World Model), diposisikan sebagai model dunia mobil otonom pertama di China.

Ia menggunakan arsitektur generatif autoregresif majemuk, melakukan dua hal: "rekonstruksi imajinasi" spasial dan "simulasi imajinasi" temporal.

Diberikan satu skenario nyata, ia dapat merekonstruksi dunia 3D; diberikan petunjuk tiga detik, ia dapat menghasilkan video masa depan lebih dari dua menit. Setiap 0,1 detik, ia mensimulasikan 216 lintasan, memilih solusi terbaik.

Logika NIO jelas: model end-to-end tidak cukup, sistem mengemudi cerdas yang benar-benar pintar perlu seperti manusia yang "dapat membayangkan kondisi jalan meski mata tertutup". Pada 18 Juni 2026, NIO secara resmi meluncurkan versi baru NWM 2.0, mencakup lebih dari 700.000 pengguna semua seri, bahkan pemilik lama yang membeli mobil empat tahun lalu dapat meningkatkan gratis, dengan empat sistem kendaraan Banyan, Cedar, Coconut+ dirilis bersamaan. Versi baru ini pertama kali di China mencapai model mengemudi cerdas langsung mengeluarkan sinyal operasi mentah setir, pedal akselerasi dan rem, dan meningkatkan sistem pelatihan dari "model dunia + pembelajaran penguatan tertutup" menjadi tiga lapisan "model dunia + fine-tuning terawasi + pembelajaran penguatan tertutup". Cakupan skenario AEB adalah 6,7 kali AEB standar, kemungkinan pengereman salah turun menjadi satu kali per 100.000 km.

Chip Shenji NX9031 bahkan digambarkan sebagai "dirancang secara alami untuk model dunia".

Li Auto mengusulkan pemikiran model dunia "rekonstruksi + generasi" pada paruh kedua 2024, dan mempublikasikan DrivingSphere di CVPR 2025.

Ia terdiri dari model difusi OccDreamer dan VideoDreamer ST-DiT, membangun lingkungan simulasi tertutup 4D dengan ketelitian tinggi.

Simulasi terbuka tradisional hanya dapat mengevaluasi model "apa yang dilihat", sementara simulasi tertutup dapat mengevaluasi model "apa yang dilakukan". Model dunia Li Auto seperti tempat ujian yang dapat menghasilkan soal salah tanpa batas, membuat sistem mengemudi cerdas menjalankan skenario sulit terlebih dahulu di dalam chip.

Sampai Livis Day Juni 2026, Li Auto meningkatkan kemampuan ini lebih lanjut menjadi "Mahe VLA", arsitektur MoE multimodal asli, persepsi, prediksi, perencanaan terpadu, daya komputasi chip ganda M100 di kendaraan 2560TOPS, waktu reaksi 0,28 detik.

Menurut peta jalan yang dirilis Li Auto, kuartal ketiga akan meluncurkan Mahe VLA baru ke pengguna AD Max, kuartal keempat bertujuan menyamai Tesla FSD V14. Li Auto tidak lagi hanya perusahaan mobil, ia sedang membentuk dirinya sebagai penyedia sistem kecerdasan berwujud Livis.

Jalur Xpeng Motors menunjukkan lapisan "lakukan yang besar terlebih dahulu, lalu sempurnakan".

Pada April 2025, Xpeng dalam pertemuan berbagi teknologi AI di Hong Kong pertama kali mengungkap sedang mengembangkan "model dasar dunia" mobil otonom skala sangat besar dengan 72 miliar parameter.

Setahun kemudian, pada 1 April 2026, Xpeng secara resmi merilis laporan teknologi model dunia X-World.

Ia berbasis teknologi generasi difusi video, dimodifikasi dari paradigma generasi video ruang laten WAN 2.2, menggunakan VAE kausal 3D dan DiT perhatian-diri perspektif-waktu, mendukung 7 kamera surround menghasilkan secara konsisten lintas perspektif.

X-World bukan alat generasi video, melainkan "simulator dunia nyata" untuk VLA generasi kedua Xpeng: skenario simulasi meningkat dari 30.000 setahun lalu menjadi lebih dari 500.000, pengujian simulasi harian setara dengan 30 juta km pengujian kendaraan nyata, dan mendukung pembelajaran penguatan online dan generasi data luar negeri.

Pada CVPR Juni 2026, Xpeng pertama kali menunjukkan peta teknologi model dunia yang lengkap. Ambisi Xpeng tertulis dalam cakupan aplikasinya: mobil AI, robot AI, mobil terbang. Target skala data pelatihannya adalah 200 juta klip, kluster sepuluh ribu kartu menyediakan daya komputasi 10 EFLOPS, beriterasi setiap 5 hari.

Geely Auto menunjukkan WAM (World Action Model) di CES 2026, dan memasukkannya ke dalam sistem AI menyeluruh 2.0.

Arsitektur berlapis WAM menarik: lapisan atas adalah model besar multimodal MLLM yang bertanggung jawab memahami, lapisan bawah adalah Action Expert yang bertanggung jawab atas tindakan, di tengah adalah model dunia yang bertanggung jawab atas simulasi.

Tujuan Geely bukan membuat model mengemudi cerdas lebih baik, tetapi membuat kendaraan menjadi "satu otak" — mengemudi cerdas, kabin, sasis, daya dikendalikan secara terpadu. Pada April 2026, Zeekr 8X diluncurkan dan langsung dikirim, menjadi super-agen cerdas fusi kabin-mengemudi pertama yang diproduksi massal di China, G-ASD 4.0-nya berbasis WAM. Target 2026 adalah L3 jalan tol dan L4 kecepatan rendah.

Model dunia BYD masih dalam penelitian awal, informasi yang diungkap Januari 2025 menunjukkan, internalnya merujuk jalur Tesla, membentuk tim kecil untuk uji coba cepat, fokus menyelesaikan generasi data kasus sudut untuk mengemudi cerdas end-to-end.

Great Wall juga mengusulkan arah mengemudi cerdas generasi berikutnya VLA + model dunia, dan beralih dari "strategi" ke "produksi massal": pada Juni 2026, Great Wall dalam konferensi mengemudi cerdas dan globalisasi berbagi praktik VLA, pusat superkomputer Jiuzhou di Baoding mencapai daya komputasi 5 EFLOPS, GPU lebih dari sepuluh ribu, Tank 700 akan menjadi model pertama dengan sistem VLA Coffee Pilot 4.0, diproduksi massal dan dipasang di mobil pada tahun 2026. Armada lebih dari 2 juta kendaraan menghasilkan data dalam jumlah besar setiap hari, ini adalah aset paling solid Great Wall dibandingkan pembuat mobil baru.

III. Penyedia Solusi Mengemudi Cerdas:

Mesin Dunia yang Tersembunyi di Bawah Mobil

Di luar pabrikan mobil, ada sejumlah penyedia yang menjadikan model dunia sebagai "mesin tak terlihat".

Momenta secara resmi merilis model dunia pembelajaran penguatan R7 pada pameran mobil Beijing April 2026, dan mencapai produksi massal pertama.

Ia adalah arsitektur tiga lapisan: pra-pelatihan model dunia, simulasi model dunia, pembelajaran penguatan. R7 berbasis lebih dari 12 miliar km jarak tempuh kendaraan nyata dari bisnis produksi massal Momenta, mengekstrak lebih dari 100 juta klip "data emas" untuk pra-pelatihan, kemudian membiarkan model mengalami sejumlah besar skenario ekor panjang dalam simulasi, dan akhirnya mengasah dengan pembelajaran penguatan.

Momenta langsung memasukkannya ke dalam model dasar end-to-end, bertujuan mencapai standar L4. Data komersial juga berkembang pesat: kendaraan produksi massal yang dilengkapi sistem Momenta telah melebihi 900.000 unit, berhasil mengirim lebih dari 100 model produksi massal, menetapkan lebih dari 210 model, skema diimplementasikan di lebih dari 10 negara dan wilayah termasuk Inggris, Norwegia, Singapura, Australia, dan Selandia Baru.

Pada Juni 2026, Momenta melalui persidangan Bursa Efek Hong Kong, dengan "saham AI fisik pertama" dan pangsa pasar NOA kota pihak ketiga 65% mengejar IPO. Cukup menunjukkan taruhannya pada model dunia.

Horizon Robotics merilis HorizonDrive pada Mei 2026, sebuah model dunia autoregresif, kemampuan intinya adalah generasi video mengemudi jangka panjang tingkat menit.

Ia menggunakan video-VAE bekerja di ruang laten, memasukkan peta definisi tinggi, kotak batas 3D, dan tindakan kendaraan sendiri, kemudian mengeluarkan skenario masa depan berkelanjutan.

Sorotan HorizonDrive adalah pelatihan "koreksi diri": melalui teknologi SRR dan TRD, membuat model memperbaiki diri saat membuat kesalahan. Pada nuScenes, FID-nya turun 52%, FVD turun 37%, akurasi lintasan meningkat 21%; satu RTX 5090 dapat menghasilkan video 256×512, kecepatan 5,6 FPS, atau video 384×768 1,7 FPS. Posisinya adalah simulasi mobil otonom tertutup, membantu produsen mobil memverifikasi sistem L3+ tanpa mengemudi di jalan.

DriveGPT dari Haomo.ai adalah salah satu proyek yang pertama kali meneriakkan slogan "model dunia" di dalam negeri.

"Xuehu · Hairuo" yang dirilis April 2023 adalah model besar mobil otonom generatif, membangun ruang representasi 4D dengan cara prediksi frame berikutnya. Di belakangnya adalah 10 miliar frame gambar internet, 4,8 juta klip 4D, dan 87 juta km jarak mengemudi bantuan.

Jalan yang ditempuh Haomo mirip dengan Tesla World Model, Wayve GAIA-1: membuat model besar mobil otonom berevolusi dari "melihat gambar" ke "melihat video", lalu ke "memprediksi video". Ia menyediakan kemampuan untuk skenario seperti Great Wall Wey, robot pengiriman otonom Xiaomotuo, dll.

DeepRoute merilis platform DeepRoute IO 2.0 pada 26 Agustus 2025, dilengkapi model VLA buatan sendiri.

Pada pameran mobil Beijing April 2026, DeepRoute lebih lanjut merilis teknologi model dasar dan strategi AI fisik, dan menunjukkan data komersial: kendaraan produksi massal dengan skema NOA kotanya melebihi 300.000 unit, dalam setahun terakhir kendaraan dengan sistem keselamatan aktif DeepRoute telah menempuh lebih dari 1,3 miliar km jalan nyata, total waktu menemani pengguna mengemudi mencapai 44,8 juta jam.

DeepRoute tidak memberi nama terpisah untuk model dunia, tetapi dalam sistem simulasi dan pelatihan DeepRoute IO 2.0, model dunia adalah inti yang tersirat.

IV. Perusahaan Rintisan dan Raksasa:

Dua Peta, Kota yang Sama

Dan tabel tata letak raksasa ini, adalah peta lain.

Dua peta menuju ke kota yang sama: siapa yang dapat membuat AI benar-benar memahami dunia fisik, dialah yang memiliki pintu masuk era berikutnya.

Kelebihan perusahaan rintisan adalah fokus dan kecepatan.

Mereka dapat bertaruh pada satu jalur yang agresif, seperti model dunia asli, generasi ruang 3D, mesin fisika VLA, tidak terikat oleh bisnis yang ada. Tetapi mereka kekurangan data, daya komputasi, saluran produksi massal, dan yang lebih penting, sebuah siklus tertutup skenario nyata yang dapat terus memberi makan model dunia.

Kelemahan raksasa adalah inersia organisasi dan kekacauan penamaan akibat banyak departemen berjalan paralel — tiga proyek model dunia Alibaba bahkan membuat orang luar bingung apakah itu hal yang sama. Tetapi raksasa memiliki data, daya komputasi, pengguna, kendaraan, dan sistem rekayasa untuk menjalankan model. Perusahaan rintisan membangun "model", raksasa membangun "sistem".

Momen paling berbahaya, adalah ketika raksasa mengubah model dunia dari "proyek penelitian" menjadi "dasar bisnis". Model besar Pangu Huawei melayani ADS dan robot, HY-World Tencent melayani game dan industri, DrivingSphere Li Auto melayani iterasi mengemudi cerdas, Kaiwu SenseTime sudah diproduksi massal dan dipasang di mobil, Momenta R7 sudah berjalan di lebih dari 900.000 kendaraan —

Ini bukan PPT di konferensi pers, melainkan "kemampuan" yang sedang masuk ke jalur produksi produk. Bagi perusahaan rintisan, jendela kesempatan model dunia sedang menyempit, persaingan di masa depan akan dengan cepat berubah dari "siapa yang dapat membuat model dunia" menjadi "model dunia siapa yang dapat digunakan dan digunakan dengan baik oleh raksasa".

V. Model Dunia Bukan Tren,

Melainkan Eskalasi Perang Lama

Model dunia bukan cerita baru.

Ia adalah produk alami dari pertemuan model besar bahasa, model generasi video, model mobil otonom end-to-end, dan model VLA robot di dunia fisik.

Raksasa berbondong-bondong masuk, menunjukkan hal ini telah berubah dari "mainan teknisi geek" menjadi "infrastruktur industri".

Alibaba, Tencent, ByteDance, Huawei, Baidu, Xiaomi, SenseTime membangun jembatan antara dunia digital dan dunia fisik; NIO, Li Auto, Xpeng, Geely, BYD, Great Wall membangun "jembatan" ke mobil; Momenta, Horizon Robotics, Haomo.ai, DeepRoute memasang rel di bawah jembatan.

Perusahaan rintisan berdiri di ujung jembatan, memegang cetak biru yang lebih canggih, tetapi harus menghadapi kenyataan bahwa raksasa sedang mengerahkan tim rekayasa.

Tahun depan, masalah inti di jalur model dunia bukan akan "siapa yang membuat", melainkan "model dunia siapa yang benar-benar memahami dunia menggantikan manusia".

Artikel ini dari akun WeChat: IT桔子 , penulis: Judy

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Related Questions

QApa itu 'World Model' atau 'Model Dunia' dalam konteks AI, dan mengapa namanya tidak seragam di antara perusahaan teknologi besar Tiongkok?

AModel Dunia (World Model) dalam AI adalah sistem yang memungkinkan mesin membangun dan menjalankan simulasi lingkungan dinamis internal sebelum bertindak di dunia nyata, untuk memprediksi, merencanakan, dan belajar dari kesalahan tanpa bergantung sepenuhnya pada data fisik. Namanya tidak seragam di kalangan perusahaan Tiongkok karena pendekatan dan fokus aplikasinya berbeda-beda. Ada yang menyebutnya Model Dunia, Model Fondasi Dunia, AI Fisik, atau menyembunyikannya dalam arsitektur seperti model mobil otonom, VLA (Vision-Language-Action), atau sistem kecerdasan terwujud tanpa penamaan khusus. Misalnya, Alibaba memiliki Qwen-AgentWorld, HappyOyster, dan Qwen-RobotWorld. Tencent menyebutnya HY-World, sementara Huawei dan Baidu tidak secara eksplisit menggunakan istilah 'Model Dunia'.

QBagaimana Alibaba, Tencent, dan ByteDance masing-masing mengembangkan dan menerapkan Model Dunia mereka?

A1. **Alibaba**: Mengembangkan tiga model terpisah untuk domain berbeda: **Qwen-AgentWorld** (dunia bahasa untuk pelatihan agen AI), **HappyOyster 1.0** (dunia virtual interaktif untuk game dan konten), dan **Qwen-RobotWorld** (dunia fisik untuk simulasi robot dan kecerdasan terwujud). Mereka mengejar kendali definisi di ketiga ranah tersebut. 2. **Tencent**: Fokus pada **HY-World** untuk menghasilkan dan mengedit konten 3D, terutama dalam aplikasi game, media sosial, dan digital twin. Model ini mendukung input teks/gambar/video dan output berbagai format 3D. 3. **ByteDance**: Mengembangkan Model Dunia secara internal melalui tim 'Seed', memanfaatkan data video masif dari TikTok/Douyin. Mereka belum merilisnya secara terbuka, tetapi mengintegrasikan kemampuannya ke dalam model generatif video (Seedance) dan AI asisten (Doubao), dengan tujuan mencapai kinerja terdepan (SOTA).

QApa peran Model Dunia dalam pengembangan mobil otonom (autonomous driving) menurut artikel, dan bagaimana perusahaan mobil seperti NIO, Li Auto, dan XPeng menggunakannya?

AModel Dunia berperan sebagai 'sekolah mengemudi dan tempat ujian' virtual untuk sistem mobil otonom. Fungsinya menghasilkan dan mensimulasikan berbagai skenario mengemudi (termasuk kondisi cuaca ekstrem dan kasus langka/Corner Case) secara tak terbatas, sehingga sistem AI dapat berlatih dan diuji tanpa perlu data jalanan yang mahal dan berisiko. - **NIO**: NWM (NIO World Model) melakukan rekonstruksi 3D dan prediksi video jangka panjang untuk merencanakan rute terbaik. Versi 2.0-nya sudah diterapkan ke lebih dari 700,000 kendaraan. - **Li Auto**: DrivingSphere menciptakan lingkungan simulasi 4D berkualitas tinggi untuk pelatihan dan evaluasi sistem dalam loop tertutup, menguji bukan hanya 'apa yang dilihat' tapi juga 'apa yang dilakukan' oleh model. - **XPeng**: X-World berfungsi sebagai 'simulator dunia nyata' untuk VLA generasi kedua mereka, menghasilkan jutaan kilometer uji simulasi setiap hari dan mendukung pembelajaran penguatan (reinforcement learning) online.

QSiapa saja pemain di bidang pemasok sistem otonom (autonomous driving suppliers) yang disebutkan dalam artikel, dan bagaimana kontribusi mereka dalam pengembangan Model Dunia?

APemasok sistem otonom yang aktif mengembangkan Model Dunia sebagai 'mesin tak terlihat' di balik teknologi mobil otonom meliputi: 1. **Momenta**: Meluncurkan **R7 Reinforcement Learning World Model** yang sudah diproduksi massal. Model ini dilatih dengan 'data emas' dari miliaran kilometer perjalanan nyata dan digunakan untuk pelatihan penguatan dalam simulasi, menargetkan standar L4. 2. **Horizon Robotics**: Merilis **HorizonDrive**, model dunia autoregresif untuk menghasilkan video mengemudi jangka panjang (hingga hitungan menit) yang digunakan untuk simulasi dan validasi sistem L3+. 3. **Haomo.ai**: DriveGPT ('Snow Lake·Hairuo') adalah model generatif awal yang memprediksi frame berikutnya untuk membangun ruang representasi 4D, mirip dengan pendekatan Tesla. 4. **DeepRoute.ai**: Meski tidak menamai model dunianya secara terpisah, platform DeepRoute IO 2.0 mereka mengandalkan Model Dunia sebagai inti dari sistem simulasi dan pelatihannya.

QMenurut artikel, apa tantangan utama yang dihadapi perusahaan rintisan (startup) di bidang Model Dunia dibandingkan dengan raksasa teknologi (big tech)?

APerusahaan rintisan menghadapi beberapa tantangan besar dibandingkan raksasa teknologi: 1. **Kekurangan Data & Komputasi**: Startup kekurangan data skala besar dan anggaran komputasi (seperti cluster ribuan GPU) yang dimiliki big tech untuk melatih model dunia yang kompleks. 2. **Tidak Ada Lingkaran Tertutup (Closed-loop) Produk**: Big tech memiliki produk nyata (mobil, robot, platform game/media) yang menyediakan aliran data terus-menerus dan skenario penerapan untuk menyempurnakan model mereka. Startup sulit mendapatkan akses serupa. 3. **Inersia Organisasi vs. Fokus**: Meski big tech mungkin bergerak lebih lambat karena birokrasi, mereka memiliki keunggulan rekayasa (engineering) dan kemampuan untuk mengintegrasikan Model Dunia ke dalam 'sistem' atau alur produk yang sudah ada. Startup mungkin lebih gesit dan fokus pada teknologi inti, tetapi harus bersaing untuk diadopsi oleh big tech sebelum jendela peluang menyempit, karena persaingan akan bergeser dari 'siapa yang bisa membuat model' menjadi 'model siapa yang paling berguna dan terjangkau' untuk digunakan dalam industri.

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What is LINON

Linde plc Tokenized Stock (Ondo): Revolutionizing Traditional Equity Access Through Blockchain Innovation The emergence of Linde plc Tokenized Stock (Ondo), represented by the ticker $LINON, signifies a monumental shift in the fusion of traditional financial structures and decentralized finance (DeFi). This innovative financial instrument showcases the tremendous potential of blockchain technology to democratize access to traditional equity markets while ensuring the security and regulatory compliance necessary for institutional-grade financial products. Through Ondo Finance's pioneering tokenization platform, $LINON provides a seamless pathway for global investors to engage with one of the world's leading industrial gas companies, Linde plc, creating a blockchain-native representation of the underlying equity. Introduction to Linde plc Tokenized Stock The landscape of financial markets is witnessing a groundbreaking transformation through the tokenization of real-world assets. Linde plc Tokenized Stock (Ondo) epitomizes this revolutionary approach by bridging the gap between conventional stock ownership and blockchain-enabled financial infrastructure. The $LINON token allows investors to gain exposure to one of the prominent industrial companies worldwide through decentralized technology. Operating within Ondo Finance's comprehensive ecosystem, $LINON symbolizes a practical application of tokenization technology that enhances accessibility, efficiency, and global connectivity in traditional financial markets. By leveraging blockchain infrastructure, this tokenized stock enables international investors to participate in U.S. equity markets, overcoming traditional barriers associated with cross-border investing. The significance of $LINON goes beyond technological innovation; it represents a fundamental shift in asset structuring, distribution, and trading in the digital age. This tokenized stock maintains all the economic benefits associated with traditional Linde plc shares while offering improved liquidity, programmable compliance features, and seamless integration with decentralized finance protocols. The development of $LINON indicates a growing acceptance of blockchain technology as a viable means for traditional finance, exemplifying how even well-established assets like Linde plc can integrate into blockchain systems. This approach preserves the core attributes that appeal to investors while introducing advanced capabilities that enhance the overall investment proposition. Project Overview and Objectives Linde plc Tokenized Stock (Ondo) encapsulates a strategic effort to democratize access to traditional equity markets through advanced blockchain technologies. The primary objective of $LINON is to provide approved global investors seamless access to the economic exposure associated with Linde plc shares, furthering an effort to create a more inclusive financial ecosystem. Beyond the digital representation of traditional assets, $LINON endeavors to eliminate barriers of geography and time zones that limit investor participation. Its design ensures that blockchain technology can elevate traditional investment vehicles without undermining the security or compliance requirements expected by investors. Key goals of the project include enhanced liquidity provision, programmable compliance mechanisms, and interoperability with other blockchain networks. Each $LINON token is fortified by actual Linde plc securities housed at U.S.-registered broker-dealers, allowing holders to reap economic advantages akin to traditional stockholders, such as dividend reinvestment. Furthermore, $LINON aims to establish new industry standards for institutional-grade tokenized securities, paving the way for traditional assets to embrace blockchain technology while remaining compliant with regulatory frameworks. By associating itself with a company as reputable as Linde plc, the project opens avenues for exploring tokenized equities catering to both conservative institutional players and daring retail investors. Project Creator and Development Team The vision for Linde plc Tokenized Stock (Ondo) comes from Nathan Allman, founder and CEO of Ondo Finance. His background in traditional finance coupled with expertise in blockchain technology positions him uniquely to navigate the complexities of asset tokenization. Allman's academic journey began at Brown University, focusing on Economics and Biology, equipping him with valuable analytical skills. His time at Goldman Sachs in the Digital Assets division strengthened his understanding of the interplay between financial institutions and emerging technologies, laying the groundwork for his later endeavors in alternative investment strategies. Under Allman's guidance, Ondo Finance has emerged as a leader in asset tokenization, launching $LINON as a flagship example of the company's larger mission towards revolutionizing traditional financial systems using blockchain technology. His commitment to leveraging blockchain for creating institutional-grade financial products has shaped the landscape of real-world asset tokenization. Investment and Funding Structure The growth of Ondo Finance, the platform powering Linde plc Tokenized Stock (Ondo), is bolstered by robust financial backing from prestigious venture capital firms and strategic investors. This strong investment foundation underpins the development of the key infrastructure essential for compliant tokenized securities like $LINON. In August 2021, Ondo Finance secured $4 million in seed funding led by a major venture capital firm, which enabled the company to commence platform development and establish the necessary regulatory processes for tokenizing real-world assets. This early investment cemented Ondo Finance's credibility within the industry. The Series A funding round followed, garnering $20 million with participation from renowned firms committed to transformative technology companies. This backing demonstrated substantial institutional confidence in Ondo Finance's vision, allowing it to hone its approach to asset tokenization through mechanisms that ensure compliance and accessibility. Noteworthy contributors, including institutional investors and experienced partners, have added significant value to Ondo Finance’s development efforts. Their involvement underscores the confidence across sectors in Ondo Finance's approach to bridging traditional finance with blockchain innovations. Technical Infrastructure and Innovation The technical architecture that underpins Linde plc Tokenized Stock (Ondo) represents a sophisticated melding of traditional finance systems and cutting-edge blockchain technology. The architecture's foundation is built on the Ethereum network, renowned for its security and programmability—both critical for intricate financial instruments. The $LINON tokenization process comprises creating a blockchain-native representation of Linde plc shares that preserves economic benefits while augmenting investor capabilities. Each token corresponds to actual shares held at U.S.-registered broker-dealers, creating a compliant custody structure that legitimizes the asset's existence and value. Automated compliance systems are integrated into the tokenization process, managing critical components such as know-your-customer (KYC) verification and anti-money laundering (AML) protocols. This incorporation of programmable compliance empowers $LINON to uphold regulatory standards essential for institutional proliferation. Cross-chain interoperability characterizes the advanced technical features of $LINON. While initially deployed on Ethereum, the framework is designed for expansion to other networks such as Solana and BNB Chain. This adaptability enhances liquidity and accessibility, allowing investors to select their preferred blockchain ecosystems. Historical Timeline and Development Crafting the history of Linde plc Tokenized Stock (Ondo) unfolds in parallel with the evolution of Ondo Finance's tokenization platform. The timeline's inception dates back to March 2021 when Nathan Allman laid the foundations for creating institutional-grade financial products on blockchain infrastructure. The initial funding round in August 2021 provided crucial resources for developing the platform and establishing partnerships necessary for effective tokenization. By January 2023, Ondo Finance launched its tokenized treasury products, establishing mechanisms that would facilitate future tokenized equities such as $LINON. A pivotal milestone arose in February 2025 when Ondo Chain—a Layer 1 blockchain designed specifically for asset tokenization—was introduced. This infrastructure enhances capabilities vital for institutional markets, demonstrating Ondo Finance's long-term commitment to tokenization. Subsequently, the launch of Ondo Global Markets in September 2025 marked the official debut of $LINON. This milestone showcased the successful transition from development to active trading, enabling investors around the world to access American financial markets seamlessly. Ongoing development plans include a targeted expansion of available tokenized assets to over 1,000 by the end of 2025, pointing to a bright future for Ondo Finance's ecosystem and its mission to broaden tokenized equity accessibility. Regulatory Compliance and Legal Framework The legal architecture governing Linde plc Tokenized Stock (Ondo) emphasizes a sophisticated approach to regulatory compliance, allowing tokenized securities to be implemented within a blockchain-based framework. The legal structure governing $LINON spans multiple jurisdictions while maintaining a robust legal footing. Compliance systems ensure that only eligible investors can access the token, enforced through automated verification that aligns with international regulations. This innovative regulatory technology promises real-time enforcement of complex requirements, considerably enhancing efficiency in operating within the regulatory landscape. The custody framework undergirding $LINON ensures that the underlying shares are securely held at U.S.-registered broker-dealers, complying with necessary regulations while delivering blockchain-driven access to investors. The token maintains its economic equivalency and security through this carefully structured custody arrangement. KYC and AML compliance systems are embedded within the smart contract architecture, ensuring integrity and adherence to regulatory practices while fostering transparency for investors. The jurisdictional restrictions mark a commitment to navigating the evolving landscape of international securities laws. Market Impact and Industry Significance The advent of Linde plc Tokenized Stock (Ondo) holds profound implications for the broader financial landscape, symbolizing a clear shift towards blockchain-enabled markets. $LINON serves as a proof-of-concept for integrating traditional companies into blockchain ecosystems, showcasing the potential benefits such as broader accessibility and improved efficiency. The market's response to $LINON indicates a growing acceptance of tokenization among institutional investors, contributing to the emergence of an expanding sector wherein traditional assets can be interconnected with blockchain innovations. The success of $LINON further solidifies market confidence, indicating an overarching shift towards recognizing asset tokenization as a transformative force in finance. Future Development and Expansion Plans The future trajectory for Linde plc Tokenized Stock (Ondo) centers around the expansion of the tokenization ecosystem and enhanced infrastructure supporting blockchain-enabled financial services. Plans for cross-chain integration usher in new opportunities for liquidity and flexibility within the investment framework, with existing capabilities poised for continuous enhancement. With the introduction of Ondo Chain, Ondo Finance aims to transition $LINON to an optimized blockchain environment specifically designed for asset tokenization. This new infrastructure heralds exciting prospects for the development of institutional-grade financial products, ensuring ongoing compatibility with contemporary investment strategies. Further integration with decentralized finance protocols signifies a commitment to empowering $LINON holders through advanced financial strategies. The anticipated expansion of available tokenized assets promises to broaden investor access, enhancing the utility and appeal of the platform. In alignment with ambitions for regulatory expansion, ongoing efforts to secure approvals for new jurisdictions will enhance investor access, further positioning $LINON at the forefront of the burgeoning tokenization market. Conclusion Linde plc Tokenized Stock (Ondo), as represented by the $LINON token, stands at the intersection of traditional finance and blockchain innovation. It embodies a transformative milestone in how financial assets are structured, distributed, and engaged within modern investment ecosystems. The technical sophistication behind $LINON, combined with its regulatory compliance framework, illustrates that asset tokenization can improve financial infrastructure rather than simply digitizing existing products. This pioneering effort not only enhances investor access to U.S. equity markets but also signifies an evolution of how traditional financial services can integrate blockchain technology. As the asset tokenization market grows exponentially, with prospects suggesting significant valuation increases, $LINON paves the way for a future where tokenized securities become standard fixtures in the financial landscape. The trajectory of $LINON will undoubtedly influence how traditional finance adapts to a transformed, blockchain-powered world.

3.3k Total ViewsPublished 2025.12.05Updated 2025.12.05

What is LINON

What is CRMON

Salesforce Tokenized Stock (Ondo): Revolutionising Traditional Equity Access Through Blockchain Innovation The emergence of Salesforce Tokenized Stock (CRMON) marks a pivotal advancement in integrating traditional financial markets with blockchain technology. This innovative approach offers investors unprecedented access to equity exposure through tokenisation. Developed by Ondo Finance, CRMON provides tokenholders with economic exposure equivalent to holding Salesforce stock (CRM) while automatically reinvesting dividends. This effectively bridges the gap between conventional equity markets and decentralised finance (DeFi). Introduction and Comprehensive Overview of Salesforce Tokenized Stock In recent years, the financial landscape has dramatically transformed due to blockchain technology, fundamentally altering how investors access and interact with traditional assets. The development of Salesforce Tokenized Stock (CRMON) is a prime example of this evolution, representing a sophisticated fusion of conventional equity markets with cutting-edge distributed ledger technology. CRMON is a tokenised version of Salesforce stock, emerging from the innovative work of Ondo Finance, a leading platform in the real-world asset tokenisation sector that positions itself as a bridge between traditional finance and decentralised systems. Designed to provide tokenholders with economic exposure that mirrors the performance of the underlying Salesforce stock, CRMON incorporates automatic dividend reinvestment mechanisms. This eliminates many traditional barriers associated with international equity investment, such as complex brokerage relationships, currency conversion challenges, and restricted trading hours. The tokenisation process reimagines stock ownership as a blockchain-native asset while maintaining its economic equivalence with the underlying security, offering enhanced portability and integration capabilities within decentralised finance ecosystems. CRMON transcends its individual utility as an investment instrument to represent a fundamental shift in how financial markets can operate in an increasingly digital world. By maintaining full backing through U.S.-registered broker-dealers and implementing robust compliance frameworks, CRMON demonstrates that tokenised securities can achieve the regulatory standards necessary for institutional adoption while delivering the technological advantages of blockchain infrastructure. Understanding Tokenized Real-World Assets and CRMON's Strategic Position Tokenised real-world assets signify one of the most significant innovations in modern finance, fundamentally reimagining how traditional securities are represented, traded, and utilised within digital ecosystems. CRMON operates as a tokenised equity instrument correlating directly with Salesforce stock while optimising accessibility and efficiency. This aligns with Ondo Finance's broader mission to democratise access to institutional-grade financial products through innovative tokenisation strategies. The tokenisation process guarantees complete economic equivalence with the underlying Salesforce equity. Each CRMON token represents a proportional claim on Salesforce stock held by qualified custodians, with dividend payments automatically reinvested to maintain continuous exposure to total return performance. This structure simplifies dividend management and ensures that tokenholders receive the full economic benefit of their equity exposure, encompassing both capital appreciation and income generation. Ondo Finance's strategy in tokenising Salesforce stock demonstrates its expertise in creating compliant, institutional-grade products that meet traditional financial markets' stringent requirements. The platform’s focus on merging regulatory compliance with blockchain benefits positions it at the forefront of decentralised finance, captivating both institutional and retail investors seeking blockchain-native solutions. The Technology and Innovation Framework Behind CRMON The technological infrastructure supporting CRMON integrates blockchain technology with traditional financial mechanisms, delivering institutional-grade security and compliance while maintaining the operational advantages of decentralised systems. Built on the Ethereum blockchain, CRMON utilises robust smart contract capabilities to ensure transparent, secure operations. The smart contract architecture incorporates layered security and compliance mechanisms, enabling automated compliance checks and real-time asset backing verification. Integration with oracle services maintains accurate pricing and dividend information, ensuring CRMON reflects the underlying Salesforce stock's accurate performance. This architecture delivers automated dividend reinvestments and other corporate actions, eliminating manual processing requirements and directly enhancing tokenholder benefits. Ondo Finance ensures CRMON's security structure includes daily third-party verification of holdings, independent collateral agents, and a multiple-layer custody system through partnerships with established financial institutions. This framework safeguards tokenholder interests against operational risks while providing robust asset backing. The user interface enhances integration capabilities, allowing seamless interaction between CRMON and various decentralised finance protocols, as well as cryptocurrency exchanges. This interoperability enables users to leverage their tokenised equity across multiple platforms, creating sophisticated investment strategies that marry traditional equity characteristics with blockchain-native innovation. Leadership and Corporate Structure of Ondo Finance The leadership team behind CRMON and Ondo Finance blends expertise from traditional finance and blockchain technology, presenting a robust combination of skills essential for successfully bridging conventional markets with decentralised finance. Nathan Allman, the founder and CEO, emerged from a distinguished financial background before establishing Ondo Finance in 2021. Allman's experience includes notable roles at major financial institutions, including significant contributions to developing cryptocurrency market services. His insights into regulatory compliance were paramount in developing products like CRMON that successfully unify traditional securities with blockchain technology. With a team of professionals boasting substantial experience in both conventional finance and blockchain sectors, Ondo Finance's leadership comprises diverse expertise that covers every aspect of tokenised asset development. Justin Schmidt serves as President and COO, contributing unique operational expertise, while Chris Tyrell brings essential compliance knowledge. Investment Landscape and Funding History The investment landscape surrounding Ondo Finance reflects significant institutional confidence in its mission to tokenise real-world assets. The company has raised substantial funds through various investment rounds, attracting leading venture capital firms and strategic investors that recognise the transformative potential of tokenised securities like CRMON. Notably, Ondo Finance completed a successful Series A funding round in 2022, led by well-known venture capital firms. This funding success validates Ondo Finance's innovative approach to creating compliant, institutional-grade tokenised products. In total, Ondo Finance has successfully secured substantial funding, raising significant capital for product development and market expansion, including a noteworthy token sale that reinforced its governance structure through the establishment of the ONDO token. The diverse composition of investors reflects broad market confidence in Ondo Finance's business model, demonstrating support from both traditional and blockchain-native organisations. Operational Mechanics and Technical Implementation The operational framework supporting CRMON exemplifies sophisticated integration of traditional financial mechanisms with blockchain technology. The technical implementation introduces multiple layers of security, compliance, and operational efficiency to meet institutional standards while enhancing accessibility. The tokenisation process begins by acquiring actual Salesforce stock through U.S.-registered broker-dealers, ensuring each CRMON token maintains direct correlation with the underlying equity performance. Smart contracts automate operational processes, including dividend reinvestment and corporate action processing, facilitating a streamlined user experience. The Minting and redemption processes allow authorised participants to manage CRMON tokens effectively. During U.S. trading hours, institutions can mint new tokens by depositing stablecoins that are used to purchase corresponding Salesforce equity. This structure maintains a tight correlation with underlying assets, enhancing liquidity and price discovery. Additionally, the infrastructure supports twenty-four-hour token transfer capabilities, providing CRMON holders with operations outside traditional market hours. This represents a significant advantage over conventional securities ownership, thus promoting integration with decentralised finance applications. Plans for cross-chain compatibility through partnerships signal further ambitions for CRMON's market reach. By expanding to other blockchain networks, Ondo Finance aims to enhance accessibility and user engagement with tokenised equity products. Timeline and Historical Development of Tokenized Equity Innovation The timeline of CRMON's development and Ondo Finance's broader tokenised capabilities demonstrates a systematic innovation process beginning with the company's founding in 2021. 2021: Ondo Finance is founded by Nathan Allman and co-founders, launching initial products focused on structured vault offerings on the Ethereum blockchain. 2022: The company completes substantial funding rounds—both equity and token sales—totaling significant capital and launching initial tokenised U.S. Treasury products. 2023-2024: Ondo Finance experiences substantial growth, establishing partnerships with major financial institutions while expanding its product offerings beyond fixed-income securities. February 2025: Ondo Global Markets is announced, marking the transition into equity tokenisation with plans for accessing over one hundred U.S. stocks and ETFs. September 2025: The official launch of Ondo Global Markets includes CRMON alongside other tokenised equity offerings, marking a significant evolution in Ondo Finance's product ecosystem. This timeline highlights the organisation's rapid growth and its capability to adapt its technological and compliance frameworks to accommodate different asset classes effectively while maintaining security and regulatory integrity. Regulatory Framework and Compliance Approach Ondo Finance's regulatory framework showcases a sophisticated compliance strategy, essential for achieving institutional adoption in the tokenised securities market. The company's strong partnerships with U.S.-registered broker-dealers promote adherence to Securities and Exchange Commission regulations and apply robust investor protections. Acquisitions, such as Oasis Pro—a registered broker-dealer—significantly enhance Ondo Finance's compliance capabilities, ensuring thorough alignment with existing regulatory structures. The company employs independent verification procedures that foster transparency, aiming for a solid performance standards reputation. Furthermore, Ondo Finance's commitment extends to international regulatory compliance, ensuring token access remains restricted to eligible investors while adhering to pertinent cross-border securities regulations. Comprehensive attention to tax implications and reporting requirements fortifies the security and compliance landscape of CRMON, ensuring that investor obligations remain manageable. Future Prospects and Market Positioning The forward-looking landscape for CRMON and Ondo Finance illustrates substantial growth opportunities driven by institutional adoption of blockchain technology and escalating demand for efficient alternatives to conventional securities ownership. Market projections indicate the tokenised asset sector could value multiple trillion dollars by 2030. With plans to scale CRMON offerings significantly and integrate it with a dedicated blockchain infrastructure—Ondo Chain—Ondo Finance aims to elevate its institutional-grade tokenised asset operations. Additionally, the development of strategic partnerships enhances distribution capabilities while establishing the company's credibility in the financial market. Furthermore, the integration of tokenised equity with decentralised finance protocols offers new potential for innovative financial products and strategies previously impossible with traditional securities. These factors underscore CRMON's positioning to effectively capture increased market share and deliver innovative solutions for international investment exposure. Conclusion Salesforce Tokenized Stock (CRMON) symbolises a transformative development within financial markets, successfully bridging traditional equity ownership with blockchain technology to create unprecedented accessibility for global investors. Through Ondo Finance's sophisticated tokenisation framework, CRMON provides complete economic exposure to Salesforce equity performance while enhancing operational advantages that exceed traditional ownership. The launch of CRMON reflects the broader evolution of financial markets towards blockchain infrastructures that maintain regulatory compliance while delivering increased efficiency. Ondo Finance's extensive approach to regulatory adherence, institutional-grade security, and technological innovation solidifies CRMON as a model for future tokenised securities, delivering access previously unattainable in conventional brokerage structures. As the tokenised asset sector continues to develop, CRMON is well-positioned to address historical inefficiencies in capital markets while providing investors with innovative solutions for accessing traditional securities. The outlook for CRMON looks exceptionally promising, supported by ambitious expansion plans, technological innovations, and strategic partnerships, thereby representing a pioneering model of modern financial infrastructure evolving through blockchain integration.

3.4k Total ViewsPublished 2025.12.05Updated 2025.12.05

What is CRMON

What is SHOPON

Shopify Tokenized Stock (Ondo): A Comprehensive Analysis of Real-World Asset Tokenization in Web3 This article delves into the Shopify Tokenized Stock (Ondo), recognised by its ticker symbol $SHOPON, exploring its implications at the intersection of traditional finance and blockchain technology. As a part of Ondo Finance's tokenized securities platform, Shopify’s tokenized stock exemplifies advancements in democratizing access to global capital markets through innovative digital assets. Introduction and Overview of Shopify Tokenized Stock (Ondo) Shopify Tokenized Stock (Ondo), or $SHOPON, portrays a pivotal innovation in the realm of tokenized securities, allowing investors to gain economic exposure akin to directly owning shares of Shopify Inc. This token, developed under the umbrella of Ondo Finance, not only provides investors with the ability to hold digital representations of the company’s stock but also integrates features such as automatic reinvestment of dividends. This advancement represents a substantial shift in the landscape of decentralized finance (DeFi), linking conventional equity markets with blockchain solutions designed to enhance accessibility, transparency, and liquidity. By eliminating geographical barriers and enabling 24/7 trading capabilities, $SHOPON is positioned as a bridge connecting traditional financial instruments and the emerging Web3 ecosystem. What is Shopify Tokenized Stock (Ondo), $SHOPON? The $SHOPON token serves as a digital manifestation of Shopify Inc.'s shares, engineered to provide a direct correlation to the underlying asset's performance. Through the utilization of blockchain technology, the token gives holders a mechanism to participate in the economic benefits associated with equity ownership, including capital appreciation and dividend distribution. The unique aspect of $SHOPON lies in its automatic dividend reinvestment mechanism, which allows returns to compound without necessitating active management by the investor. This feature inherently enhances its attractiveness as an investment vehicle, particularly for individuals seeking passive income growth alongside exposure to high-performing equities. The tokenization process is facilitated by the custody of actual Shopify shares through regulated intermediaries, ensuring that every $SHOPON token is verifiably backed by real equity. This structure empowers investors with the dual advantages of both traditional financial characteristics and the innovative benefits tied to blockchain technology. Who is the Creator of Shopify Tokenized Stock (Ondo)? The creator of Shopify Tokenized Stock (Ondo), Nathan Allman, is an experienced figure in the finance sector, formerly associated with Goldman Sachs. His rich background includes significant expertise in digital asset development, bridging the gap between traditional finance and cryptocurrencies. Allman’s educational journey, marked by studies at Brown University, provided him with a deep understanding of economics and biology, equipping him with analytical skills that inform his strategic vision. In 2021, he founded Ondo Finance, committing to developing tokenized securities that meet institutional-grade standards while leveraging blockchain's transformative capabilities. Under Allman's leadership, Ondo Finance has focused on creating compliant and innovative financial products that empower a diverse investor base. Who are the Investors of Shopify Tokenized Stock (Ondo)? The investment landscape surrounding Shopify Tokenized Stock (Ondo) is notably robust, underpinned by significant institutional support. Primarily, Pantera Capital stands out as a strategic partner through the Ondo Catalyst initiative, a $250 million commitment aimed at accelerating the development of on-chain capital markets. This partnership not only signifies institutional confidence in the potential of tokenized assets but also reinforces Ondo Finance's operational capabilities and market positioning. The funding pathways have included earlier rounds that amassed millions in seed funding and further structural investments, solidifying relationships with both venture capital firms and private investors. Moreover, the financial framework is complemented by strategic partnerships with established financial institutions and technology companies, enhancing Ondo’s infrastructure and operational expertise. How Does Shopify Tokenized Stock (Ondo), $SHOPON Work? At the core of $SHOPON's operational framework is a sophisticated system integrating traditional finance mechanisms with blockchain technology. The custody of actual Shopify shares ensures that token holders retain authentic economic exposure, safeguarding their investments in line with recognized legal structures. The smart contracts employed in managing $SHOPON handle various functions, including automatic dividend reinvestment and ownership transfer, offering instant settlement and increased liquidity, marking a significant departure from conventional trading systems plagued by multi-day settlement delays. By providing interoperability with other decentralized finance applications, $SHOPON empowers holders with potentially lucrative opportunities for advanced investment strategies, including lending and automated market making. This complex integration presents a unique value proposition, catering to both traditional and crypto-native investors. The innovative structure of $SHOPON also allows for real-time settlements and transactions documented on the blockchain, delivering unparalleled transparency and security—a major advancement over standard equity trading practices. Timeline of Shopify Tokenized Stock (Ondo) March 2021: Nathan Allman establishes Ondo Finance, initially focusing on decentralized finance yield optimization. August 2021: Completion of a $4 million seed funding round led by Pantera Capital. January 2023: Launch of initial tokenized treasury security products, laying the groundwork for future equity tokenization. July 2025: Announcement of the Ondo Catalyst initiative, a strategic investment program valued at $250 million, aimed at propelling the development of tokenization in capital markets. September 3, 2025: Launch of Ondo Global Markets featuring over 100 tokenized U.S. stocks and ETFs, including $SHOPON. Technical Implementation and Blockchain Infrastructure Shopify Tokenized Stock (Ondo) operates on a technical architectural framework that marries blockchain protocols with traditional financial custody arrangements. The ecosystem leverages Ethereum's smart contract capabilities, providing seamless transaction management while ensuring compliance with regulatory standards through established financial custodians. Central to this architecture are security measures and transparent transaction records that affirm the legitimacy of each tokenholder's economic stake. With automated features managed by intricate smart contracts, $SHOPON not only streamlines ownership transfers but also allows for the tactical reinvestment of dividends—a hallmark of modern investment strategies. Moreover, the incorporation of LayerZero technology facilitates cross-chain interoperability, making $SHOPON accessible across multiple blockchain environments while preserving its functional robustness. This forward-thinking technical design positions $SHOPON as an adaptable asset within the larger DeFi milieu. Regulatory Framework and Compliance Architecture $SHOPON's regulatory framework is built upon the meticulous navigation of existing financial regulations that govern securities. The custody arrangements for the underlying Shopify shares are managed by U.S.-regulated broker-dealers, ensuring compliance and protection for investors. By maintaining a separation between the blockchain tokenization process and traditional custody, $SHOPON adheres to legal requirements while offering innovative functionalities that challenge conventional constraints. This dual-layered compliance approach enhances investor confidence and underscores Ondo Finance's commitment to regulatory integrity. Notably, the availability of $SHOPON is tailored to international investors from regions such as Asia-Pacific, Europe, and Africa, as regulatory parameters in the U.S. and U.K. present challenges in accessing tokenized securities. Market Access and Global Distribution Strategy The distribution strategy of $SHOPON is keenly designed to optimize global access while conforming to regulatory standards. The platform aims to establish comprehensive coverage for eligible investors across multiple regions, effectively dismantling traditional barriers through the implementation of blockchain technology. Integration with various cryptocurrency wallets and exchanges also promotes user-friendliness and accessibility, establishing a streamlined experience for investors to manage their holdings. Moreover, the 24/7 trading capabilities afforded by the tokenized model allow participants to react promptly to market shifts, fundamentally transforming how global equities are accessed and traded. Technology Integration and Cross-Chain Functionality The remarkable technological underpinnings of $SHOPON propagate its multi-chain functionality, set to expand its reach beyond Ethereum to networks such as Solana and BNB Chain. Such cross-chain capabilities allow users flexibility when navigating between blockchains, concurrently leveraging distinct network attributes to optimize their trading experience. LayerZero serves as the backbone for ensuring decentralized transfers between networks while providing the requisite security and speed, quintessential for maintaining investor trust. This comprehensive interoperability illustrates $SHOPON's commitment to being a versatile, user-centric asset in the evolving investment landscape. Ecosystem Integration and DeFi Compatibility Incorporating $SHOPON into broader DeFi protocols signifies its potential beyond traditional stock ownership. Token holders can leverage their holdings for various sophisticated strategies and applications, enhancing investment returns and liquidity management. By establishing a presence in lending protocols and automated trading systems, $SHOPON effectively democratizes access to advanced financial strategies previously limited to institutional investors. Such integration contributes to a more competitive and dynamic financial landscape, where individual investors can capitalize on tools typically reserved for larger entities. Risk Management and Security Framework Security remains paramount in the operational infrastructure of $SHOPON. The tokenization framework employs multiple layers of protection—beginning with regulated custody of the underlying Shopify shares. The operational protocols establish rigorous auditing, key management, and transaction monitoring standards, thus safeguarding against potential vulnerabilities. Moreover, meticulous adherence to evolving regulatory requirements provides an extra layer of security, fortifying investor protections and institutional compliance. Market Impact and Industry Implications The introduction of Shopify Tokenized Stock (Ondo) heralds a transformative shift in how financial markets operate, emphasizing the potential of tokenized securities to reshape traditional investment paradigms. The successful integration of $SHOPON encapsulates the efficiencies inherent in blockchain technology and opens avenues for new user demographics previously barred from extensive market participation. The impact extends beyond the immediate benefits to token holders, indicating broader trends that may challenge the status quo of investment services, particularly in addressing geographic restrictions and operational costs typically associated with traditional brokerage platforms. Undeniably, $SHOPON encapsulates the potential for traditional institutions to innovate further, leveraging the increasing demand for seamless blockchain access to complement existing financial infrastructure. Future Development Roadmap and Strategic Vision As Ondo Finance looks forward, the trajectory of $SHOPON rests on ambitious goals aimed at broadening the spectrum of available tokenized assets significantly. Over the next few years, plans are in place to expand to more than 1,000 tokenized securities, further enhancing market participation and investment options for individuals worldwide. Continued integration with traditional financial actors, development of specialized institutional products, and enhancements in automated trading capabilities will ensure that $SHOPON maintains its position at the forefront of financial innovation. Regulatory collaboration will also remain a focal point, establishing a framework that not only supports the compliance requirements but also promotes a healthy environment for tokenized asset proliferation. Conclusion and Market Significance In summary, Shopify Tokenized Stock (Ondo), represented by the ticker $SHOPON, is more than merely a tokenized equity offering; it embodies the innovation possible when traditional finance collides with modern blockchain applications. With a robust technical architecture, a commitment to compliance, and a clear strategic vision, $SHOPON exemplifies the potential for tokenized assets to enhance liquidity, accessibility, and functionality in capital markets. As the global investment landscape evolves, the transformative implications of $SHOPON extend beyond individual investors to revolutionize how financial instruments are perceived, traded, and utilized within both traditional and decentralized frameworks.

3.4k Total ViewsPublished 2025.12.05Updated 2025.12.05

What is SHOPON

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