Exclusive Interview with YUGA LABS CEO Daniel Alegre | KBW2023

[Music] foreign [Music] piece is don't think about it about how we're going to make money like the the most critical component is if you have a unique proposition does it resonate with a consumer and are you able to build Community Connection you know web 3 is all about community and if you're a Creator this is an opportunity for you not only to be able to tap into a Korean market but immediately a global market because that's what web3 technology enables [Music] yeah in any new development of any new technology there's always going to be an infrastructure roadblock you know what happened in the internet of the early days it happened in Mobile in the early days as well that technology know-how will will be solved we hired a new CTO Mike Sievers who understands the technology deep deepens inside out and we're all about investment in large platform capabilities and partnering with the ecosystem to help solve for them so we see ourselves as being an integral part to finding a solution to make content more readily available and shareable with the web3 space look we're passionate about community members whether they came uh very early on when we launched board a or where they joined us along the lines in the mutinate community and other experiences that we've had so we keep creating new new and immersive epic experiences we're about building culture on the blockchain that means that make it available to as many uh people as possible because the stronger our community gets the better the experience is for everybody so we are passionate about our early members but we're also just as passionate about those who just recently joined and we're going to keep creating new and Innovative experiences so that anyone who really wants to participate in our overall ecosystem can participate it's such an important thing to be able to identify with your pfp like this is my my captain Poncho so with me now this now opens up my experiences whether it's in multiple games I'm known as Captain Pancho um or whether I transact on an e-commerce site you know my identity if I make it known can can be known and I think that's a very powerful component of the social network aspect of things where you build communities and those communities can follow you and you can bring them along wherever it is that you want and that I think will play itself out in many different ways whether it's in personal identity whether it's in shopping and transactions whether it's in uh in in financing I I that capability I think is going to be really revolutionary um and actually help build greater experiences on the web 3 platform the biggest Trends are going to be ownership of the experiences so the biggest problem that we that I've talked about in gaming is that you invest so much in a game but for you to come come out of that is hard you know you have a digital sword and that sword what do you do with it once you finish playing with the game well it's done right so those interoperability capabilities of not only your experiences being able to trade but also be able to go from game to game and the interoperability of the platform that's an evolution that is going to happen because it's at the core it's the nature web3 you're gonna have a flourishing of new experiences that no one could have ever imagined so when we meet again in 2024 which I hope we do at the end of 2024 uh we're gonna look back and say huh I never thought that these companies were going to create these experiences that connect communities in such innovative ways through ownership and identity