<img src="https://crypto.news/app/uploads/2022/07/Yuga_Labs.jpg” />
Greg Solano, co-founder of Yuga Labs, will become the company's CEO, replacing Daniel Alegre.
Alegre, former chief operating officer of Activision Blizzard, held the position for approximately ten months. Yuga Labs, the creator of the renowned Bored Ape Yacht Club and ApeCoin (APE) non-fungible token (nft) collection, has also acquired notable nft projects including CryptoPunks, 10KTF, Meebits, and recently the collective's Moonbirds nft project. PROOF.
Solano's inaugural initiatives as CEO include the establishment of a Yuga subsidiary exclusively for Bored Ape Yacht Club, improved communication regarding the Otherside metaverse and its impending third playtest, and the development of additional game projects aimed at the mass market. .
The leadership transition comes as the Bored Ape Yacht Club faces increased competition from the Pudgy Penguins project, which recently overcome the Bored Apes at minimum price.
