SUI’s Christian Thompson on Blockchain’s Future and 2025 Vision
Christian Thompson, Managing Director Sui Base, Sitting Since taking the position, he has dropped along with Beincrypto on his first Asian tour. Leading Blockchain as Meta’s former CISO Deputy CISO Safety For the Libra/Diem project, Thompson brings over 30 years of leadership experience in a variety of industries including successful entrepreneurship and law enforcement.
In an extensive interview in Seoul, Thompson discussed Sui’s achievements in 2024 and ambitious plans for 2025, including launching Sui’s Suiplay0x1, the first Blockchain Games comfort. He stressed the strategic importance of South Korea in SUI global expansion and shared insights into the convergence of Web2 and Web3. In the evolving U.S. regulatory landscape, he also reviews the lessons learned from Meta’s Libra program.
How will you evaluate how SUI performs in 2024 and what is your vision for 2025?
2024 is about testing and ensuring our technology is stable and scalable. We achieved $1.75 billion defi TVL, has grown to $2 billion The last three months. We also reached $35 billion in DEX volume and 300,000 games for the event wallet. In 2025, we will be very active in marketing, ecosystems and communities. We need to build thousands of developers in Web3 to make adoption of billions of people.
Suiplay0x1 marks the milestone as the first blockchain gaming hardware. What led to this unprecedented initiative and how it adapts to your gaming strategy?
For us, gaming is a big early bet – we chose it because it is unpredictable and a great way to test technology. For Suiplay0x1, we announced this during the Korean Blockchain Week in September 2024 and received about 1,700 bookings in the first week. Now, our 2025 release can book up to 7,000 reservations. While $599 isn’t cheap, our strategy is to be responsible for Web3 devices. We have partnered with NHN and Xociety in Korea and we have built it as a bridge between Web2 and Web3. This is the first handheld device for Web3 – no one else has anything like that.
How do you view the relationship between Web2 and Web3?
I insist that they will merge. I don’t think Web3 will take over or change Web2 – they will merge naturally. You have seen different technologies already converge – AI has blockchain, AR/VR, robotics technology. This will generate the need for people who want to have their own content, medical records and data. As a content creator, you want to control how it monetizes. As a consumer, you want to know where your information comes from.
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You chose Seoul as a key destination for the first Asian Tour and as managing director Sui maintained a strong influence during the Korean Blockchain Week. What makes South Korea such a critical market in your global strategy?
South Korea is an incredibly dynamic market. The retail community here is very interested and involved in cryptocurrencies, which gives them a great understanding of technology and early adopters. The developer community is similar because they have all the backgrounds exposed to it. You benefit from this when you can work with a country at the forefront of technology and be an early adopter. The gaming business here is particularly good – it pushes the limit.
Taking South Korea as an example, which other regions do you think are likely to become another hub like South Korea?
The UAE is at the forefront of attracting Web3 business in its regulatory environment. Vietnam is making great progress with developers. Greece has an amazing educational system that can produce capable builders at scale. In Africa, people are very good at adopting new technologies, especially commercial integration through chat platforms.
SUI has forward-looking courses from Meta’s Libra program, while the regulatory landscape in the United States is shifting. How do these experiences affect your perception of the current environment?
I wouldn’t call Libra a failure – it intentionally shuts down for very good reasons. Most of the SUI originated from Libra, and we took away the amazing technology of Meta-born. The language was built on Facebook to support 3.5 billion people, and we built SUI to fit the scale. Looking ahead, the government is now thinking about the right things – meaningful regulation, meaningful policies, and creating an environment that keeps the brain strong and moves towards nurturing the economy.
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