Near Protocol co-founder Illia Polosukhin said at the BUIDL Asia conference that chain abstraction may trigger the next shift in the crypto space and Web3 and is key to the mainstream adoption of cryptocurrencies, Wu said. Chain abstraction can lower the barrier to entry for users and simplify the user experience by removing complex blockchain elements. However, Vitalik noted that a potential pain point is the systemic risk of “desensitization” to security issues.