The future of the Sui ecosystem

The future of the Sui ecosystem


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The future of the Sui ecosystem

Greg Siourounis, Managing Director of Sui Foundation, is being interviewed by CoinDesk Korea at Arc Place located near Yeoksam Station on the 18th. Source = Sui Foundation Greg Siurunis recently explained the outlook for Korea's Sui ecosystem and cryptocurrency economy. As an economist, he highlighted the key difference between a cryptocurrency economy and a regular economy in that there are no centralized institutions in the cryptocurrency economy. He added that it will be very exciting and challenging to observe how new economic models will develop and influence the future. He commented on the rising trend of Sui's trading volume and liquidity indicators, especially Total Value Locked (TVL). The Sui ecosystem ranks 12th and has significant influence among all blockchain protocols. He explained the existence of over 200 projects participating in the Sui ecosystem. In the future, Sui plans to explore the application of blockchain technology to various industrial fields such as clean energy certification, carbon credits, and artificial intelligence. He also emphasized the possibility of using blockchain technology for data verification to increase the reliability needed in various industries. It is expected that the use of blockchain technology for the most fundamental data will be effective in increasing reliability. His statement that plans for how blockchain technology can be applied for the Sui ecosystem will be expanded to focus on Korea is noteworthy. They view Korea as a strategic hub for blockchain technology, and by emphasizing the possibility of rapid adoption of the gaming industry and UX/UI, they emphasized that the Korean market is an environment in which blockchain technology can be accepted. Greg Ciurunis' remarks show that Sui plans to increase the use of Web3 in various fields using blockchain technology, and presented a clear strategy for what role it wants to play in the cryptocurrency market. He also presented a future outlook for Web 3 by predicting that the distinction between Web 2 and Web 3 will disappear in 10 to 20 years.
Source - www.investing.com

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