Raymond Liao believes 2022 is a good time for product builders and investors to focus on the Web3 space.
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 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.According to Liao, Samsung Next focuses on investing in blockchain, artificial intelligence, and Metaverse, on naming a few, and this is why MachineFi has become an area of interest.