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Adapting Web3 technologies to Web2 platforms could be helpful: said Klaytn Foundation founder in KBW 2022

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  • August 8, 2022
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The director of metaverse-focused blockchain Klaytn Foundation, Sam Seo, believes widespread adoption of the Metaverse will be “easier” if Web2 companies integrate the tech with their products and services. He claimed, “even though it’s hard, adapting Web3 technologies to Web2 platforms could be a way to bring mass adoption.”

Speaking to Cointelegraph on Aug. 8, during the Korea Blockchain Week (KBW), Seo recommended that Web3 Metaverse projects primarily have issues interesting to a mainstream audience, as generally, they have uncertainty to cope with new technology from companies that they have never heard of.

“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.”

Klaytn’s blockchain is mainly pitched towards hosting Metaverse, GameFi, and creator economy applications, and is one of the biggest projects in South Korea.

During a demonstration at KBW, Seo said the team is hoping to scale up its transaction amount while bringing the cost of transaction fees down.

He said,“We’re smart enough to know that people are still hesitating about using this platform because they have to pay something right anyway. 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.”

Seo also revealed that Klaytn will roll out an open-source Metaverse package with builders’ tools to substitute blockchain development later this year.

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