A protest in support of Julian Assange will take place in an online world designed to resemble London's Royal Courts of Justice. Photo: Wistaverse
A protest in support of Julian Assange will take place in an online world designed to resemble London's Royal Courts of Justice. Photo: Wistaverse
A protest in support of Julian Assange will take place in an online world designed to resemble London's Royal Courts of Justice. Photo: Wistaverse
A protest in support of Julian Assange will take place in an online world designed to resemble London's Royal Courts of Justice. Photo: Wistaverse

Can't go to a protest? Send a digital avatar in the metaverse


Tim Stickings
  • English
  • Arabic

You can now send a digital avatar of yourself to a protest – a ploy which campaigners hope will break down barriers across countries, time zones and political climates.

Rallies in what is known as the Wistaverse look a bit like a video game. You have a character that explores a digital world and can interact with other players. You can furnish them with protest signs and T-shirts.

There are various rooms to enter where, for example, you can hear a recorded speech by real-life campaigners. The platform uses a cryptocurrency called Wista to raise money.

For an event on Saturday, in support of Julian Assange, the game has been designed to look like London's Royal Courts of Justice – where the WikiLeaks founder is fighting extradition to the US.

Mr Assange’s wife Stella and former Labour Party leader Jeremy Corbyn are among guests who have contributed speeches. There will be file footage of Mr Assange himself.

Sceptics have wondered aloud whether a protest in an obscure corner of the internet – it uses a gaming platform called Sandbox – can have the same impact as real-world disruptive action.

“The answer to that is protest is also mainly a social event where people with a common vision get together,” one of the Wistaverse’s co-founders, Jules Alcazar, told The National.

“Having everyone together in one place is also a great opportunity to go fund-raising. It’s about keeping momentum, it’s finding what activism can do.”

He believes the metaverse also has an edge over social media activism, which is “very limited”, “not immersive” and a “very poor way of experiencing it” because its algorithms relentlessly feed back bias.

There are forecasts that the metaverse, championed by Facebook founder Mark Zuckerberg as a virtual-reality world encompassing education and health care, could one day be worth $5 trillion to $13 trillion.

The technology is still in its infancy, though. Virtual protesters can send each other text messages but not yet speak out loud. Smartphones are not supported. Mr Alcazar’s aim is to make it “way more immersive”.

Join from anywhere

A key selling point is that you can join in from anywhere, opening up protests in places such as Iran to anyone willing to take part. You can design your avatar to look like you – or you can stay anonymous.

The aim is to keep regulators as far away as possible, although there are random moderation checks and people may have to prove their identity to stop violent extremists using the technology.

Even if there are no political barriers, people who do not live in major cities might find the Wistaverse a more convenient way of being an activist, said Mr Alcazar.

“We believe that, in the near future, any movement will really miss out on not using this technology,” he said. “Activism might be the excuse to finally give a try to this technology, because people are passionate, because there is a strong community.”

Saturday’s protest has been scheduled for 5pm London time so that it “works for as many time zones as possible”, said John Rees, a co-ordinator of the Don’t Extradite Assange campaign in the UK.

He said getting people involved in an “engaging and accessible way” in the Wistaverse could be a “springboard” to real-life activism.

Campaigners hope their online rally will draw people into real-life activism. Getty
Campaigners hope their online rally will draw people into real-life activism. Getty

“There’s a community that uses gaming platforms like Sandbox that I think we’ll reach, which we would find more difficult to reach in other ways,” Mr Rees said.

“Nobody’s done this before, so we’re quite excited to see what the pick-up of it is and what the campaigning outcomes are going to be. If they work, I don’t suppose we’ll be the only ones using it.”

Amnesty International used the platform in May to support abortion rights, in what it described as a way of “sensitising a new audience to its work”. The charity this year started selling digital tokens called NFTs.

The Amnesty rally took place over several days and was more of a slow-burning event than a single “call to action”, according to Mr Alcazar, who said a dozen more virtual protests were in the pipeline.

The appeal on Saturday is to “come to the rally, let’s do this one together, one place, one time”, he said. “What we want to deliver is something as close as possible to a real-life protest.”

UAE currency: the story behind the money in your pockets
Match info

Manchester United 1 (Van de Beek 80') Crystal Palace 3 (Townsend 7', Zaha pen 74' & 85')

Man of the match Wilfried Zaha (Crystal Palace)

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.

'How To Build A Boat'
Jonathan Gornall, Simon & Schuster

ARGENTINA SQUAD

Goalkeepers: Franco Armani, Agustin Marchesin, Esteban Andrada
Defenders: Juan Foyth, Nicolas Otamendi, German Pezzella, Nicolas Tagliafico, Ramiro Funes Mori, Renzo Saravia, Marcos Acuna, Milton Casco
Midfielders: Leandro Paredes, Guido Rodriguez, Giovani Lo Celso, Exequiel Palacios, Roberto Pereyra, Rodrigo De Paul, Angel Di Maria
Forwards: Lionel Messi, Sergio Aguero, Lautaro Martinez, Paulo Dybala, Matias Suarez

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Updated: August 25, 2023, 9:50 AM