Ethereum should evolve into infrastructure that users and developers no longer directly perceive, Dr. Xiao Feng, Vice Chairman of Wanxiang Holdings, said at ETHShanghai 2026. Xiao said the Ethereum Foundation’s ultimate goal should be gradual decentralization until the organization is no longer needed, with independent ecosystem organizations emerging this year as a sign of network maturation. He said Ethereum’s opportunities include expanding in major markets such as the United States and China. Xiao also described AI and crypto as inseparable, predicting that tokenized currencies and stablecoins will become primary payment tools for AI agents and applications. Rising risks around computing-power and electricity prices could drive demand for tokenized perpetual contracts and computing-power index futures, while AI infrastructure’s future financing needs, estimated at trillions, will require globalized, 24/7 tokenized asset markets beyond existing capital markets.