"By all accounts, Urbit has been struggling. The user experience on the network remains clunky, which is part of Urbit's charm but not a sustainable situation for a project that wants to replace something with broad, mainstream appeal like the internet."
"We don't give a [expletive] about titles. We're here to fix this," Yarvin, who rarely speaks to journalists, told CoinDesk in an interview.
The price of a star, the second-largest unit of digital real estate on the network, has fallen to a little over $1,000 from a peak of about $27,000 in late 2021."
The foundation is running out of money. A fundraising proposal backed by Lehman to create a new layer-2 blockchain on top of Ethereum has been scrapped in favor of Yarvin's strategy, which involves creating a utility token, possibly on Base, Coinbase's layer-2 network.
Collection
[
|
...
]