In his first public appearance as CEO of Yuga Labs, Daniel Alegre may have said web3 isn’t a game of kill or be killed, but he did more or less imply he wants his company to sit head and shoulders above its rivals.
“What I want Yuga to be is the front door to web3,” Alegre said on Friday at CoinDesk's Consensus conference in Austin, Tx. “The transformation is gonna happen. It’s happening obviously in art, it’s happening in digital consumption and obviously gaming but it’s going to expand into so many different areas of industry. Otherside is that entry way into web3.”
Web3 is envisioned as the next phase of the internet that is blockchain-powered and decentralized. Otherside, a virtual world where users will be able to come together online to socialize and play games, is Yuga’s “big bet” in web3 Alegre said.
Alegre, although named Yuga’s new CEO back in December, only took over a few weeks ago. He was formerly an executive at Google and then Activision Blizzard.
Otherside is by most estimations already one of web3’s biggest success stories. Otherdeeds, the non-fungible tokens that serve as certificates of ownership for plots of land on Otherside, have generated more than $1.1 billion in trading, according to The Block Research.
Virtual plots of land on The Sandbox, which from day one billed itself as a web3, metaverse platform that would serve a similar purpose to Otherside, has yielded about $300 million in trading volume, also according to The Block Research.
After declaring he wanted Yuga’s Otherside platform to be web3’s “front door,” Alegre then said that doesn't mean he's angling to be the “biggest in the space.” Instead, the CEO said he’s willing to “embrace third parties who can actually follow with the vision that we have and bring them onto [Otherside].”
Yuga has been valued at $4 billion after being founded in 2021.
“This is not a winner take all environment,” he added, before returning to early comments about wanting to make it easier for people to be part of the Yuga Labs community. “My mission is to make web3 as easily available and bring great content creators and the economy together.”
source:theblock
Polkadot was launched in May 2020. In a market dominated by Bitcoin and Ethereum, it quickly established itself as the next generation blockchain. The scale and interoperability problems limit Bitcoin's ability to transfer value without the assistance of
For some newcomers to the currency circle, they are not familiar with the investment in the currency circle, and their understanding of the special currency is not very deep. Therefore, they may be at a loss in the choice of investment methods. Many inves
Lummis is a well-known crypto advocate on Capitol Hill with over $100,000 in crypto.
Several analysts argue that shrimp accumulation is good for the Bitcoin network because it makes the asset more decentralized over time.
ARK Invest filed for a spot Bitcoin ETF in collaboration with 21Shares long before BlackRock did, and its application is reportedly first in line for the SEC’s approval.
Interestingly, the price surge was on the back of increased activity from whales, as indicated by on-chain data. The increased activity led to an increased"/>
Recent market dynamics have seen Solana struggling to break above the $200 mark. A notable bearish factor among these market fundamentals is the recent"/>
DOGE, the internet's favorite memecoin, is back in the spotlight. Recent data reveals a surge in futures market activity, coupled with bullish technical"/>
The recent stratospheric rise of Bitcoin, reaching a new all-time high of $73,000, has sent ripples of excitement and trepidation through the crypto world."/>
Co-founder of Tornado Cash Roman Storm has filed a motion to dismiss the charges levied against him by the US Department of Justice (DOJ)."/>
On Thursday, March 28, a hack occurred on Prisma Finance, a decentralized lending protocol on the Ethereum network. The exploiter carted away about 3,257.7"/>
Once fully licensed in Dubai, Bybit plans to run a full-scope exchange, offering crypto lending, payments, investment and other services.
Tue, 18 Apr 2023