Regulation Clarity Key to Unlocking Web3’s Potential, Says SKALE’s CGMO
In Brief
Andrew Saunders, CGMO at SKALE, shares how the new Pacifica upgrade solidified SKALE’s position as the world’s fastest blockchain, as independently verified by Dartmouth University. With more upgrades on the horizon, the fastest is about to get even faster—while staying free!
Andrew Saunders, CGMO at SKALE, shared his perspective on the market and what’s driving its current trajectory, as well as the outlook for the future of Web3.
Saunders described the market as being in the early stages of a bull market, with a surge in activity primarily coming from institutional investors. The challenge has been the lack of regulatory clarity, which has caused many potential investors to hesitate. However, as regulation begins to take shape, Saunders predicts that institutional capital will continue to flow in, and retail investors will start to follow suit, albeit at a slower pace initially.
Looking ahead, Saunders pointed to regulation clarity as a key factor that will shape the industry in the coming year. With clearer regulations, there will be increased institutional investment, more Web2 businesses experimenting with blockchain, and a significant rise in talent from big tech entering the Web3 space. He anticipates that Web3 adoption will continue to gain momentum, particularly from major companies that are looking for ways to offer frictionless and familiar on-chain experiences for their users.
When discussing trends in Web3 for the next 1-2 years, Saunders emphasized that more Web2 businesses will be entering the Web3 space. SKALE, being a gas-free blockchain, offers a seamless experience that feels very Web2-like, which will be appealing to larger businesses and consumer brands looking to bring users on-chain without overwhelming them with technical complexity.
On SKALE’s unique value proposition, Saunders explained that the platform is designed to be a gas-free invisible blockchain, meaning users can interact with blockchain-powered applications without even realizing it. This makes it easier for everyday users to engage, particularly in sectors like gaming, social media, and AI, which require high throughput and scalability. While SKALE is often associated with gaming due to its high throughput, it’s a general-purpose blockchain that can support a variety of decentralized applications (DApps).
Finally, Saunders highlighted SKALE’s recent Pacifica upgrade, which made the platform even faster and solidified its position as the world’s fastest blockchain, independently validated by Dartmouth University. He teased additional improvements and upgrades on the horizon, ensuring that SKALE remains a leader in providing frictionless and scalable solutions for builders, helping them reach large user bases, and building sustainable businesses.
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About The Author
Victoria is a writer on a variety of technology topics including Web3.0, AI and cryptocurrencies. Her extensive experience allows her to write insightful articles for the wider audience.
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Victoria is a writer on a variety of technology topics including Web3.0, AI and cryptocurrencies. Her extensive experience allows her to write insightful articles for the wider audience.
