according to The Block, the Sei blockchain core development team Sei Labs recently proposed a key proposal SIP-3, planning to gradually phase out the existing CosmWasm smart contracts and native Cosmos account functions, and fully transition to the Ethereum Virtual Machine (EVM) architecture. The proposal aims to simplify the network structure, improve performance, and in the future, the Sei network will only support transactions initiated through EVM addresses, while underlying functions such as validator nodes will still retain Cosmos native technology support. The proposal is currently in the community discussion phase, and the decision will be made through processes such as Snapshot voting. If approved, developers will need to migrate CosmWasm applications to the EVM environment, and users will also need to transfer their assets to wallets compatible with EVM.