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The rise of blockchain and its revolutionary derivatives, comparable to web3, metaverse, and NFTs, has sparked an insatiable thirst for info and information about these applied sciences. In consequence, conferences and occasions worldwide have emerged, drawing in consultants, trade leaders, and lovers who search to share their insights and alternate concepts.
One in all these main conferences is Seoul Meta Week. Based by Chris Na, this occasion guarantees to be a spotlight for anybody curious concerning the newest developments within the web3 area. Na has been organizing conferences throughout Korea and different Asian nations since 2015. He was launched to blockchain and cryptocurrencies in 2016 and started organizing the Blockchain Companions Summit in 2018. With the rise of web3 in recent times, he developed an curiosity within the area and felt it essential to create a platform for large-scale dialogue on the subject, resulting in the delivery of Seoul Meta Week in 2021.
With its dynamic applications, exhibitions, skilled panel discussions, and networking alternatives with key gamers, Seoul Meta Week attracts high trade leaders and lovers from everywhere in the world. A few of the featured audio system on the convention embody Sebastien Borget, COO & co-founder of The Sandbox; Cong Ye, Tencent’s head of generative AI & XR product; Josh Drean, web3 advisor at Harvard Innovation Labs, and lots of extra.
Via this five-day occasion, Na goals to bridge the web3 information hole and promote the event of blockchain expertise in Korea and past. Earlier than the convention kicks off on Might 26, we communicate to him about Korea’s vital curiosity in web3 and what units Seoul Meta Week aside from different web3 conferences.
Please inform us a bit about your background and the way you based Seoul Meta Week.
Since 2015, I’ve been organizing numerous conferences in Korea and main Asian nations primarily based round points like economics, expertise, finance, and politics. In 2016, I used to be launched to blockchain and cryptocurrencies and have been supporting investments and firm constructing. Since then, I believed it was essential to set the agenda for the scene and have been organizing conferences such because the Blockchain Companions Summit since 2018; with the rise of Web3 in 2021, I began organizing an occasion known as Seoul Meta Week.
What piqued your curiosity on the earth of web3, and what impressed you to create Seoul Meta Week? What has been the most important problem in bringing it to fruition?
After I was first launched to blockchain and cryptocurrency in 2016, the continuing debate was about proof of practicality. Web3 has been an rising idea within the blockchain scene since 2020. As an investor and firm builder, I couldn’t assist however get within the idea and proof of web3. I believed it might be nice to have a large-scale dialogue about this web3 wave and arrange Seoul Meta Week.
Truly, there have been no main difficulties in realizing Seoul Meta Week, as many gamers have been ready for such a platform. Fairly, the dilemma is that it isn’t being launched sufficient to many probably gamers.
South Korea has embraced the metaverse, and the federal government has launched numerous metaverse initiatives over the previous yr. What do you assume is why the nation’s vital curiosity within the metaverse?
South Korea is a rustic with a powerful leisure and gaming trade, and I believe that the leisure and gaming trade, specifically, has a variety of energy within the spatiality of the metaverse.
The explanation why Korea is within the metaverse is as a result of there may be a variety of content material, and the thought of having the ability to always devour content material in a seamless area and time could be very enticing.
What are a few of the promising metaverse and web3 merchandise you’ve seen popping out of Korea’s personal sector?
The reply to that is higher discovered at Seoul Meta Week in late June, as every firm has its personal embargo points, and I don’t need to give spoilers. In Korea, the enterprise web3 mannequin, particularly the massive enterprise-led one, is lifting the veil one after one other. It’s protected to say that nearly all main corporations are engaged on web3 and metaverse tasks, a lot of which will likely be unveiled at Seoul Meta Week.
How do you see the metaverse, NFTs, and blockchain expertise evolving within the subsequent few years, and what implications do you assume this may have for Korean society?
The metaverse is prone to redefine the idea of “connection” on-line. NFTs will increase the idea of “neighborhood”. And blockchain will now not be outlined or utilized as a expertise of particular person models however will as a substitute be mirrored as an underlying expertise in all areas.
Korea is a rustic that’s delicate to vary and communication. I count on these aforementioned evolutions to have a profound influence on not simply tradition and trending areas but additionally different areas comparable to politics, society, and training.
What steps is Seoul Meta Week taking to make sure it stays on the forefront of developments in web3, metaverse, NFT, and blockchain expertise?
Till final yr, after we have been nonetheless affected by COVID-19, we tried to prepare simultaneous occasions within the metaverse area, however now that we’re freed from COVID-19, we’re focusing extra on offline experiences. This yr, we’re contemplating an NFT membership, though time is operating out. Via this NFT membership, we hope to develop into a platform that gives a long-lasting expertise, not only a one-time occasion attendance. There are a number of different hidden playing cards within the works, however we’ll introduce them steadily by official bulletins.
Quite a few high-profile audio system will likely be featured on the pageant. How did you and your crew determine which audio system to ask this yr?
Our content material administration crew appears to be like at issues like affect, innovation, and influence when deciding who to ask. We even have a course of for figuring out up-and-coming audio system who will quickly develop into superstars.
Are you able to focus on any success tales or case research from previous attendees or members at Seoul Meta Week?
I discussed earlier that I’m discovering potential superstars, and there was a startup that we found at our first occasion two years in the past. That firm went from being an early-stage startup to a unicorn-looking firm that raised $35 million in Collection B final summer time, which was a harsh funding time. They attended our occasion in 2021, and we’ve continued to associate with them on numerous applications since then.
How does Seoul Meta Week facilitate collaboration and networking alternatives in web3?
One in all our mottos is “Making a Web3 world with out strangers”. Till final yr, networking was restricted as a result of we weren’t fairly free from the consequences of COVID-19, however this yr we’re actually specializing in strengthening networking. Initially, there will likely be 2-3 networking occasions organized by us and a variety of networking with our companions and particular person aspect occasions.
What units Seoul Meta Week aside from different conferences or occasions within the Web3 area?
I believe our greatest differentiator is the make-up of the members. When you go to different web3 conferences, you’ll discover that a lot of the members are acquainted faces you’ve met at different occasions. Which means it’s largely trade folks. At Seoul Metaweek, greater than 90% of our attendees are from the web2 trade. Which means that a lot of the attendees are Web2 members trying ahead to increasing into web3, partnering, or collaborating. One other method to take a look at it’s that it’s an occasion with an enormous variety of potential shoppers from the web3 trade.
And we emphasize practicality fairly than theoretical talks like the way forward for expertise or cryptocurrency. Which means it’s all about purposes and content material.
Please inform us about a few of the most enjoyable applications or occasions attendees can look ahead to throughout Seoul Meta Week.
I might positively emphasize the primary occasion, ‘METACON’. If you wish to know the traits of the world’s main web3 tasks and meet them, METACON2023 is to not be missed. This yr, there may even be a particular exhibition. I’m trying ahead to experiencing the web3 that has develop into so near our actuality.
How do you see Seoul Meta Week contributing to the expansion and growth of the trade in the long run?
In the long term, I count on Seoul Meta Week to develop into an occasion just like the Web3 model of CES in Asia. I look ahead to taking part in the position of an agenda-setter, highlighting the newest traits and setting key agendas that may drive the yr forward. On the similar time, we’re additionally trying ahead to being a platform for numerous tasks to increase and join with new enterprise alternatives.
What are your plans for the way forward for Seoul Meta Week, and the way do you see it evolving within the coming years?
In the intervening time, we’re going to stay to what we talked about earlier. I believe occasions are like natural life varieties, so if they’ve life, I count on them to develop naturally. However the route of that progress is difficult for me to foretell. However I don’t doubt that it is going to be an occasion for everybody, by everybody, and of everybody.
What are a few of the greatest challenges going through the web3 trade proper now, and the way do you see them being addressed over the following few years?
There are a variety of challenges, however I believe cryptocurrency volatility is having a big effect on Web3 adoption. Nonetheless, I believe this will likely be largely mitigated by the adoption of web3 by web2 at a mass scale. In my view, the bigger and extra tangible the size, the smaller the volatility spectrum will likely be.
What recommendation would you give to people or companies trying to enter the web3 area?
That is one thing anybody can say, however web3 is evolving into a brand new financial system, not only a technological development. The cafe I’m going to each morning may have a web3 system, and my dad and mom’ wild ginseng farm may have a Web3 system. I believe it’s much like the early days of the web when there was a variety of alternative and a variety of trial and error. There are a variety of alternatives for folks to get into web3 in the event that they’re . In fact, those that are keen on it first would be the first to have the chance. It seems like a breaking information story, however coming to an occasion like Seoul Meta Week may even be a very good alternative to get concentrated info abruptly.
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