that much Boring Monkey Yacht ClubThe founder of has a new leader. Yuga Labs co-founder Greg “Garga” Solano announced Wednesday that he is returning as CEO, replacing former Activision executive Daniel Alegre, less than a year after he returned to the role.
Solano: “I will step down from my position as CEO of Yuga Labs.” tweeted. “Wylie (Aronow, co-founder of Yuga Labs) and I appreciate all the contributions and operational rigor Daniel has brought to the company, and we appreciate his thoughtfulness and mentorship over the past year. I feel re-energized to lead the next chapter.”
Alegre tweeted: “I am grateful for the opportunity to lead this great team and to connect with so many community members globally,” he said. The future of oil prices is really bright.”
It is unclear whether Alegre will leave the company or transition to a different role. A Yuga Labs representative declined to comment. decryption I won’t elaborate further on Solano’s announcement.
News to share:
I am stepping down as CEO of Yuga Labs. Wylie and I appreciate all the contributions and operational rigor Daniel has brought to the company, and we appreciate his thoughtfulness and mentorship over the past year. I am…
— Garga.eth(Greg Solano) 🍌(@CryptoGarga) February 21, 2024
The announcement of Solano’s return comes just days after Yuga Labs made the announcement. Proof obtainedDigital art-focused startup moon bird NFT collection. Yuga Labs plans to integrate Moonbirds into the upcoming Otherside metaverse game and embrace Proof’s art focus in relation to the existing game. Cryptopunk and 12 folds More than a collection.
However, the Proof deal received a mixed response from Bored Ape. NFT As with other moves around the company over the past few years, the holder is no different. Bored Ape Yacht Club prices peaked in April 2022 and have since declined significantly.
While this is true for most NFT collections amid the widespread market plunge, competing collections are chunky penguin Last weekend, it briefly surpassed Bored Ape Yacht Club in terms of price, either the lowest price or the cheapest listed NFT on the market. On the Penguins floor Value increased 5 times Over the past three months, Apes has remained largely stagnant.
Yuga Labs too Layoff due to layoff last OctoberPlans were postponed and reorganized. the other sideand Community faces frustration About NFT mining issues related to games.
In his tweet, Solano said he plans to run Yuga Labs “with a greater focus on cryptocurrency fundamentals across the company.” The first step was to transform the in-house team behind Bored Ape Yacht Club into a subsidiary called BAYC LLC. This subsidiary will have greater autonomy to pursue its plans for the prominent company. Ethereum NFT collection.
“We want to break the chains on Yuga’s BAYC team to execute their vision to the fullest. Be more focused, be more agile,” he said, adding that he aims to “create space for the magic and craziness we are used to more often.”
Moreover, he wants to position the yet-to-be-launched Otherside metaverse as ‘the living room’. web3. It’s your primary place to go to play and mingle with your community (regardless of what that community is).”
“Otherside is also a giant swing for the fence,” he added. “We have a lot of work to do. The only way for it to be built properly is for all of you to come in and experience it more often. When we started building Otherside, our goal was to make it an open and iterative process.”
Yuga Labs plans to host an “Apes Come Home” playtest event for Otherside later this month, and Solano promised more communication about the game in the future.
As for the broader game strategy, including the new free-to-play version: dookie dash And with other collaborations with studio Faraway, Yuga aims to target mainstream players. “The more fun and popular the market, the better. “Like Dookey Dash,” he said.
Solano, on the other hand, echoing previous sentiments, wants Yuga Labs to embrace more “crypto-native mechanisms and platforms like (revised).” “(Edited)” was the mysterious item on the Bored Ape Yacht Club’s 2021 roadmap graphic. Solano did not elaborate further on that point.
Bored Ape Yacht Club prices jumped about 5% after the news was announced, reaching the current price. Almost $66,500 worth of ETH—This is the highest price registered in nearly three months, according to data from NFT Price Floor.
“We’re three years into Yuga, and we couldn’t be more excited about some of the things we have in the pipeline,” Solano added. “I’m so grateful to the team we have here across our brands. There is a lot of work to be done, but I can’t imagine doing this with any other team or with any other community of builders.”
Edited by Ryan Ozawa.
