While Metas Horizon Worlds is suffering from a low user base, metaverse platforms have focused on building, says Yuga Labs CEO Daniel Alegre. 2142 Total views 19 Total shares Listen to article 0:00 Interview Join us on social networksBig Tech player Meta gave the metaverse a bad name when it pushed its janky vision to the masses. Luckily, open online virtual worlds have continued to evolve, says Yuga Labs CEO Daniel Alegre.
Speaking to Cointelegraph at Token 2049 in Singapore, Alegre said the problem with the metaverse is that Meta ruined the term because it said: This is something brand new despite other metaverse platforms already existing.I was at Activision Blizzard, we had World of Warcraft. World of Warcraft is a metaverse, Fortnite is a metaverse so the metaverse is evolving, I think, in very, very positive ways.
Alegre said the low userbase is a core issue of Metas Horizon Worlds but its otherwise useful if only there was a reason to be there.[Users] go in and say Hey, Mark, so cool to see youSo now what? It just flopped, there’s a huge echo in the room.
He added that,unlike Horizon Worlds, Yugas upcoming Otherside metaverse in development since at least March 2022 with no official launch date came from a need by their community of nonfungible tokenholders to have a digital space to connect.
Otherside Test Group: A Recap pic.twitter.com/57gh9g8VlA Othersidemeta (@OthersideMeta) July 28, 2023
The digital connection is what they’ve asked us to do, Alegre said. At its core, [Otherside] is a way for our community to connect digitally in one location.
So far, Otherside has only been glimpsed through a handful of early access demos and a vibe check by a focus group in July. Alegre said Yuga recently conducted another limited experience of Otherside with core members.
Othersides up-and-running peer, The Sandbox, has also sought to bring culture online, with its co-founder Sebastien Borget telling Cointelegraph that its creating neighborhoods on its platform that mirror countries such as Singapore and Trkiye.NFTs diverging down two avenues
Alegre said hes also seeing a divergence in how NFTs are being viewed. On one hand, NFTs are being valued purely for their art and history. On the other, theyre being valued for their community and intellectual property rights.
Those are two avenues that this is all going down, he opined.
He compared the use cases between the NFT projects CryptoPunks and Bored Ape Yacht Club (BAYC) both Yuga-owned properties where holders own the commercial IP to highlight how holders use them.
CryptoPunks an early NFT collection are being exposed to top museums and collectors, who are starting to see the value of owning the original, according to Alegre.
Related: Shrapnel Web3 shooter won’t let US users cash out, thanks to Gensler
Meanwhile, BAYC holders have created a community and Alegre claims more than 900 holders of Apes are building businesses on top of the Apes.Alegre shows a coffee pack emblazoned with a Bored Ape given to him by the owner of the BAYC #9472 NFT. Source: Andrew Fenton/Cointelegraph
He said Yuga was in a similar position to YouTube where its user-generated content (UGC) model allowed businesses to be built around sharing videos on the platform.You have media companies based on UGC and creative agencies and advertising. Youre starting to see the same thing evolve with the Bored Ape community.
It shows you that NFTs, and NFT ownership, if you give it to the community they take it in ways that you can never imagine, Alegre said. Both in the offline space as well as the online space.
Magazine: NFT Collector: Creative AI art, Tomorrowland sells tomorrows future # Business # Adoption # Metaverse # NFT # Meta
Add reaction
Add reaction Read more What are NFT royalties, and how do they work? Are NFT markets in a death spiral or ready for a resurgence? Ripple is staring down an opportunity to fix its closed system
Donald Trump has suggested Russia’s war in Ukraine could have been “settled very easily” as he criticised Kyiv’s negotiation skills.
In comments after an extraordinary meeting between senior American and Russian officials on Tuesday morning in Saudi Arabia, the US president said of Ukraine: “They’ve had a seat [at the table] for three years and a long time before that.
“This could have been settled very easily. Just a half-baked negotiator could have settled this years ago without, I think, the loss of much land and without the loss of any lives and without the loss of cities that are just laying on their side.”
While touting his own negotiation skills, Mr Trump also said he was “more confident” about a peace deal after Tuesday’s talks, attended by US secretary of state Marco Rubio.
While speaking from Mar-a-Lago in Florida, Mr Trump also said he would not oppose seeing European peacekeeping troops stationed in Ukraine as part of a peace deal with Russia.
He also repeated a proposal that Ukrainian leader Volodymyr Zelenskyy hold elections in Ukraine as a condition of peace.
‘Not a Russian thing’
“We have a situation where we haven’t had elections in Ukraine, where we have martial law, essentially martial law in Ukraine, where the leader in Ukraine, I mean, I hate to say it, but he’s down to 4% approval rating.”
He added: “If Ukraine wants a seat at the table, wouldn’t the people have to say – it has been a long time since they had an election?
“That’s not a Russian thing, that’s something coming from me and coming from many other countries also.”
Mr Trump also told reporters he and Russian leader Vladimir Putin had discussed Ukraine before the full-scale invasion in 2022.
Spreaker
This content is provided by Spreaker, which may be using cookies and other technologies.
To show you this content, we need your permission to use cookies.
You can use the buttons below to amend your preferences to enable Spreaker cookies or to allow those cookies just once.
You can change your settings at any time via the Privacy Options.
Unfortunately we have been unable to verify if you have consented to Spreaker cookies.
To view this content you can use the button below to allow Spreaker cookies for this session only.
“President Putin and I would talk about Ukraine, and it was the apple of his eye, I will tell you that,” he said.
“But he never, there was never a chance of him going in. And I told him: ‘You better not go in, don’t go in, don’t go in.’ And he understood that and he understood it fully.”
From Trump to Zelenskyy – it was goodbye
In another place, at another time, it would have been: “You’re fired.”
Donald Trump coined it differently when he was asked about Volodymyr Zelenskyy, but the sentiment was the same.
Asked about suggestions that Russia wanted elections in Ukraine as part of a peace deal, the US president replied: “I hate to say it, but he’s down to a 4% approval… when they want a seat at the table, wouldn’t the people of Ukraine say it’s been a long time since we had an election? That’s not a Russia thing, that’s coming from me and other countries.”
From one president to another, it was goodbye. A farewell to the notion that Trump respects Zelenskyy as an equal player in peace negotiations.
Mr Trump added he will probably meet with Mr Putin before the end of the month.
At Tuesday morning’s talks, US and Russian officials agreed to restore embassy staffing and establish a high-level team to negotiate peace in Ukraine in another sign of the significant American change in diplomatic relations with Moscow.
Mr Rubio said the two countries “need to have vibrant diplomatic missions that are able to function normally”. The US and Russia also agreed to explore closer relations and economic cooperation at the meeting.
“Should this conflict come to an acceptable end, the incredible opportunities that exist to partner with the Russians geopolitically on issues of common interest and frankly, economically, on issues that hopefully will be good for the world and also improve our relations in the long term,” Mr Rubio said.
He added ending Russia’s war in Ukraine would require concessions from all sides.
The comments came as talks between Russian and US officials in Saudi Arabia ended – part of a remarkable US policy reversal after years of former president Joe Biden leading international efforts to isolate Moscow.
‘Very useful’ talks, Lavrov says
Speaking to reporters after the meeting, Russian foreign minister Sergei Lavrov said “the conversation was very useful”.
“We not only listened, but also heard each other,” Mr Lavrov said.
“And I have reason to believe that the American side has started to better understand our position, which we have once again outlined in detail, using specific examples, based on President Putin’s repeated speeches.”
US State Department spokesperson Tammy Bruce said even though Ukraine was not at the table on Tuesday, any actual peace negotiations will include the country.
Meanwhile, President Volodymyr Zelenskyy said his country will not accept any outcome from this week’s talks if Kyiv does not take part. No Ukrainian officials were present at the meeting.
Image: Inside Tuesday’s talks in Saudi Arabia. Pic: Reuters
Ukraine losing ground to Russia
The talks came as Ukraine is slowly but steadily losing ground against more numerous Russian troops in a grinding war that began nearly three years ago.
The Ukrainian air force said Russian troops launched a barrage of 176 drones at Ukraine on Monday night, most of which were destroyed or disabled by jamming.
One Russian drone struck a residential building in Dolynska in the Kirovohrad region, wounding a mother and her two children and prompting an evacuation of 38 apartments, the regional administration reported.
Four more residential buildings were damaged by drone debris in the Cherkasy region of Ukraine, according to local officials.
European allies left scrambling
Ties between Russia and the US had fallen to their lowest level in decades in recent years – a rift that had been widening since Russia annexed Crimea from Ukraine in 2014 and worsened after Moscow’s full-scale invasion in 2022.
At that point, the US, along with European nations, imposed a raft of sanctions on Russia and the allies have repeatedly expanded the measures to damage the Russian economy.
But the recent US diplomatic blitz on the war has sent Mr Zelenskyy and key European allies scrambling to ensure a seat at the table amid concerns that Washington and Moscow could press ahead with a deal that will not be favourable to Ukraine.
On Monday, France called an emergency meeting of European nations, including the UK, to discuss the war.
Saudi Arabia seeks to be diplomatic player
The meeting between the US and Russia on Tuesday at the Diriyah Palace in the Saudi capital of Riyadh also highlights de facto leader Crown Prince Mohammed bin Salman’s efforts to be a major diplomatic player, burnishing a reputation severely tarnished by the 2018 killing of Washington Post journalist Jamal Khashoggi.
Saudi state media described the talks as happening at the prince’s direction. Saudi Arabia has also helped in prisoner negotiations and hosted Mr Zelenskyy for an Arab League summit in 2023.
Mr Zelenskyy had been due to travel to Saudi Arabia this week but rescheduled it to 10 March, suggesting he wanted to avoid his visit being linked to the US-Russia talks since Ukrainian officials were not invited.
That the United States chose to hold talks with Russia about Ukraine without Ukraine sums up the power imbalance that is upending security assumptions for the whole of Europe.
Volodymyr Zelenskyy, the Ukrainian president, has consistently warned that Kyiv must have a seat at the negotiating table for any discussions about ending Vladimir Putin‘s war to have a chance of success. His European allies also want to have a voice.
Mr Zelenskyy, apparently by chance, had been due to embark on a pre-planned trip to the kingdom later that same day.
However, he decided to delay the visit to avoid the appearance of giving any kind of legitimacy to the bilateral encounter between Moscow and Washington.
Unfortunately for Kyiv, beyond noisy protest, it has very limited options when it comes to channelling the disruptive force of the Trump White House in its favour.
More on Donald Trump
Related Topics:
Spreaker
This content is provided by Spreaker, which may be using cookies and other technologies.
To show you this content, we need your permission to use cookies.
You can use the buttons below to amend your preferences to enable Spreaker cookies or to allow those cookies just once.
You can change your settings at any time via the Privacy Options.
Unfortunately we have been unable to verify if you have consented to Spreaker cookies.
To view this content you can use the button below to allow Spreaker cookies for this session only.
The Ukrainian military remains hugely reliant on US weapons to fight Russia’s invasion and Mr Zelenskyy has made clear he would want an American element in any international security force that might be agreed upon to monitor a ceasefire – even though this is a role the US appears reluctant to fill and the Kremlin has said would be “unacceptable”.
It means Mr Trump has significant leverage over his Ukrainian counterpart which he will surely use to try to force through negotiations even on terms less favourable to Kyiv.
Please use Chrome browser for a more accessible video player
1:43
Ukrainians react to US-Russia talks
The US has already reportedly tried to make Ukraine sign away a large portion of its natural resources to pay for US support – an uncomfortable offer that Mr Zelenskyy has so far declined but an indication of the new transactional approach to US foreign policy.
Mr Trump has repeatedly vowed to end Russia’s war in Ukraine – even claiming during the US election campaign that he would do this within 24 hours.
But he never spelled out how.
The past week, however, has offered an indication of the direction of travel and it does not look good for Ukraine.
From unilaterally picking up the phone to Vladimir Putin to sanctioning such a high-level meeting with the Russians in Riyadh, the only currency that seems to matter to the White House is power and right now both Kyiv and its European partners are looking all too weak.
That the United States chose to hold talks with Russia about Ukraine without Ukraine sums up the power imbalance that is upending security assumptions for the whole of Europe.
Volodymyr Zelenskyy, the Ukrainian president, has consistently warned that Kyiv must have a seat at the negotiating table for any discussions about ending Vladimir Putin‘s war to have a chance of success. His European allies also want to have a voice.
Mr Zelenskyy, apparently by chance, had been due to embark on a pre-planned trip to the kingdom later that same day.
However, he decided to delay the visit to avoid the appearance of giving any kind of legitimacy to the bilateral encounter between Moscow and Washington.
Unfortunately for Kyiv, beyond noisy protest, it has very limited options when it comes to channelling the disruptive force of the Trump White House in its favour.
More on Donald Trump
Related Topics:
Spreaker
This content is provided by Spreaker, which may be using cookies and other technologies.
To show you this content, we need your permission to use cookies.
You can use the buttons below to amend your preferences to enable Spreaker cookies or to allow those cookies just once.
You can change your settings at any time via the Privacy Options.
Unfortunately we have been unable to verify if you have consented to Spreaker cookies.
To view this content you can use the button below to allow Spreaker cookies for this session only.
The Ukrainian military remains hugely reliant on US weapons to fight Russia’s invasion and Mr Zelenskyy has made clear he would want an American element in any international security force that might be agreed upon to monitor a ceasefire – even though this is a role the US appears reluctant to fill and the Kremlin has said would be “unacceptable”.
It means Mr Trump has significant leverage over his Ukrainian counterpart which he will surely use to try to force through negotiations even on terms less favourable to Kyiv.
Please use Chrome browser for a more accessible video player
1:43
Ukrainians react to US-Russia talks
The US has already reportedly tried to make Ukraine sign away a large portion of its natural resources to pay for US support – an uncomfortable offer that Mr Zelenskyy has so far declined but an indication of the new transactional approach to US foreign policy.
Mr Trump has repeatedly vowed to end Russia’s war in Ukraine – even claiming during the US election campaign that he would do this within 24 hours.
But he never spelled out how.
The past week, however, has offered an indication of the direction of travel and it does not look good for Ukraine.
From unilaterally picking up the phone to Vladimir Putin to sanctioning such a high-level meeting with the Russians in Riyadh, the only currency that seems to matter to the White House is power and right now both Kyiv and its European partners are looking all too weak.