Samsung Next exec argues Web3 projects must face the challenge of utility

2022.08.16 01:14

Samsung Next exec argues Web3 projects must face the challenge of utility

While Web3 has shown a lot of potential from its inception to today, some still believe that there is a challenge that players in the space must face, which is utility, according to a Samsung (KS:005930) Next executive.

In an interview, Raymond Liao, the managing director at Samsung Next, talked about the company’s move to dive into Web3 by investing in MachineFi, a term coined by the IoTeX project to describe a futuristic paradigm in which machines become the primary workforce powered by Web3 technologies.

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