NFTGreg Solano, Co-Founder of Yuga Labs, Assumes Role of CEO

Greg Solano, Co-Founder of Yuga Labs, Assumes Role of CEO

Date:

Yuga Labs, a prominent player in the NFT industry, is undergoing a leadership change as co-founder Greg Solano takes over the role of CEO. This comes as Daniel Alegre, who previously served as CEO for about 10 months, steps aside to make way for Solano.

While Alegre and Nicole Muniz have been publicly referred to as CEOs, Solano clarifies in his announcement post that he is “stepping back in” as CEO. He hints at several upcoming projects, including the creation of a Yuga subsidiary dedicated to the Bored Ape Yacht Club, more details about the Otherside metaverse and its third playtest, and the development of game projects for a wide audience.

Yuga Labs has been strategically expanding its presence in the NFT industry. The company has acquired notable NFT projects like CryptoPunks, 10KTF, Meebits, and most recently, PROOF collective, the team behind the Moonbirds NFT project. The acquisition of Proof, a rival in the NFT space, demonstrates Yuga Labs’ calculated approach to growing its business. However, the exact acquisition price has not been disclosed. Yuga Labs has announced that Moonbirds will be integrated into its gamified metaverse play called Otherside.

Recently, the Bored Ape Yacht Club, known for its Bored Ape NFT collection and ApeCoin, has faced competition from Pudgy Penguins, another NFT collection. Pudgy Penguins briefly surpassed the Bored Apes in terms of value earlier this week.

In other crypto news, Hong Kong has attracted 18 crypto exchanges seeking licenses to operate in the region.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Hot News

Related
Related

Brian Brooks, former CEO of Binance.US, becomes a member of the MicroStrategy Board

Brian Brooks, former Binance.US CEO, has been appointed to the board of directors at MicroStrategy....

Transforming the Current Infrastructure of AI through Decentralized Operating Systems

With the artificial intelligence (AI) market still in its early stages, many experts believe this se...

Anticipate Faster Growth for This Hidden Gem Over Dogecoin (DOGE) and Shiba Inu (SHIB), Experts Say

Every day new tokens and projects become available in the crypto market, but a few create a name for...

DWF Ventures Concludes an Eventful Year in Cryptocurrency

As the sun prepares to set on 2024, it’s worth taking a moment to reflect on where we are – and...