HashKey Group Chairman Xiao Feng and Ethereum co-founder Vitalik Buterin have launched the Ethereum Applications Guild (EAG) initiative. This initiative aims to unite developers, researchers, teams, and institutions within the Ethereum ecosystem to establish an open, transparent, and sustainable collaboration mechanism. The goal is to accelerate the development and deployment of native applications, shifting the focus from infrastructure-led to application-driven growth. Based on Xiao Feng's 2023 'Shanhaiwu' three-year practice, the EAG is not a foundation or accelerator but an open initiative exploring a global collaboration network, using Shanhaiwu as an incubation site. Currently in its early consensus stage, the EAG invites global ETH treasury companies, tech firms, Layer 2 teams, developer communities, protocol organizations, and research institutions to join.