Online reports, according to The Block, Sei Labs, the core development team of Sei's blockchain, recently proposed a key proposal SIP-3, which plans to phase out existing CosmWasm smart contracts and native Cosmos account functions and fully shift to the Ethereum Virtual Machine (EVM) architecture. The proposal aims to simplify the network structure and improve performance. In the future, the Sei network will only support initiating transactions through EVM addresses, but underlying functions such as verification nodes will still retain Cosmos native technical support. The proposal is currently in the community discussion stage, and will be decided through a process such as Snapshot voting. If it passes, developers need to migrate CosmWasm applications to the EVM environment, and users need to transfer assets to EVM-compatible wallets.