Kadena, a well-established public chain, announced the launch of a $50 million incentive plan, attempting to regain market visibility through the RWA track. Can it truly transform through this narrative as it has advanced into the military metaverse and NFT fields? Kadena was founded by a former member of JPMorgan's blockchain team and was once regarded as a dark horse in the PoW public chain due to its unique "Chainweb" architecture and enterprise level positioning. Its design can achieve multi chain parallel mining, with a theoretical TPS of up to 480000, far exceeding the mainstream public chains of the same period. In 2021, KDA prices skyrocketed a hundredfold, with a market value approaching $4 billion, but then fell into silence as the market declined. In this incentive plan, $25 million will support RWA projects, with the first recipient being CurveBlock, a UK compliant real estate technology company; The remaining $25 million will be invested in EVM compatible chains and AI driven applications. But currently, this is the only publicly funded project, and the incentive standards and evaluation mechanisms are still opaque. Kadena launched a $100 million incentive plan in 2022, but ultimately did not significantly increase ecological activity or market influence. The multiple projects funded back then have not seen any follow-up attention, and TVL still has less than 1 million US dollars. In contrast, this round of incentives is more conservative, but also faces similar challenges: incentives are mainly aimed at project parties and lack attractiveness to end users; The user promotion plan rewards are too low and the incentive effect is limited. Although RWA has become a hot topic in the current industry, both market heat and regulatory barriers are high. Whether Kadena can build a true technological and ecological barrier in this field still needs time to test. If the former celebrity public chain wants to truly return, it may require not only incentive funds, but also a strategic shift and rebuilding of community trust.