KryptoSeoul's BUIDL Asia Conference recently featured an interview with Illia Polosukhin, Near Protocol's co-founder, where he highlighted the potential impact of chain abstraction on mainstream adoption in the crypto and Web3 space. This innovative concept aims to simplify the user experience by streamlining the complex layers of blockchains. Despite concerns raised by Vitalik Buterin regarding security risks, Polosukhin emphasized the importance of creating a safer environment for the industry.

The cryptocurrency market has witnessed substantial growth in recent months, with a market capitalization of $2.568 trillion and Bitcoin dominating 51.53% of the market share. Altcoin WIF has experienced significant bullish momentum, growing by 2565.52% since its listing. In addition, Bitcoin and Ethereum have shown positive price trends, with Bitcoin trading at $70,206 and Ethereum's spot ETH news driving its price growth.

Disclaimer: The opinions expressed in this article are solely for informational purposes and should not be considered financial or investment advice.