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.

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.

(by RT Watson)