Samsung Next exec argues Web3 projects must face the challenge of utility
Cointelegraph
Published Aug 15, 2022 05:55AM ET
Updated Aug 16, 2022 08:00AM ET
While Web3 has shown a lot of potential since its inception, some still believe utility is a challenge that players in the space must face, according to a Samsung (KS:005930) Next executive.
In an interview, Raymond Liao, managing director at Samsung Next, talked about the company’s move to dive into Web3 by investing in “MachineFi,” a term coined by IoTeX to describe a futuristic paradigm in which machines become the primary workforce and are powered by Web3 technologies.
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Written By: Cointelegraph
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