Web2 reception key to Metaverse achievement, Klaytn Foundation organizer — KBW 2022

Sam Seo, the overseer of metaverse-centered blockchain Klaytn Foundation accepts boundless reception of the Metaverse will be “easier” assuming that Web2 organizations incorporate the tech with their items and administrations.

Speaking to Cointelegraph during the Korea Blockchain Week (KBW) on Aug. 8, Seo recommended that Web3 Metaverse projects for the most part have issues drawing in a standard crowd, as typical individuals frequently have a reluctance to utilize new innovation from organizations that they have never known about.

“If new ideas are combined with Web2 platforms like [social media app] Kakao, especially in South Korea, there’s accessibility to these new ideas for new services that could be easier than just starting from scratch.”

“Even though it’s hard, adapting Web3 technologies to Web2 platforms could be a way to bring mass adoption,” he made sense of.

Klaytn’s blockchain is basically equipped towards facilitating Metaverse, GameFi, and creator economy applications, and is one of the biggest projects of its type in South Korea.

During a show at KBW, Seo said the group is expecting to increase its exchange throughput and keeping in mind that likewise bringing the cost of transaction fees down.

“We’re smart enough to know that people are still hesitating about using this platform because anyway, they have to pay something right. So we believe that gas fees should be as low as possible. So they can have the people enter this area. That’s our thought. And that’s why we are trying to reduce the gas prices,” he said.

Related: Major crypto exchange announces its arrival in the metaverse

Seo likewise uncovered that Klaytn will carry out an open-source Metaverse bundle with apparatuses for manufacturers to encourage improvement on the blockchain in the not so distant future.

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