Samsung Next exec argues Web3 projects must face the challenge of utility
Cointelegraph
Published Aug 15, 2022 05:55AM ET
Updated Aug 15, 2022 07:40AM ET
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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Written By: Cointelegraph
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