BAYC’s creator takes over the reins at Yuga Labs

Greg Solano, co-founder of Yuga Labs, during NFT Paris 2023 – © RoyalsBlue.com

Greg Solanoone of the co-founders of Yuga Labstakes over the role of CEO of the unicorn NFT barely 1 year after the appointment of Activision Blizzard’s president to this position.

Yuga Labs changes CEO once again. The $4 billion startup and owner of the largest NFT collections will now be headed by co-founder Greg Solano.

I’m coming back as CEO of Yuga Labs,” proclaimed the principal concerned yesterday on X.

Greg Solano said that former boss Daniel Alegre had contributed a great deal to the company. The Activision Blizzard president joined the project behind the Bored Ape Yacht Club collection as CEO in December 2022, succeeding Nicole Muniz.

Some news to share:

I am stepping back in as CEO of Yuga Labs. Wylie and I are grateful for all the contributions and operational rigor Daniel has brought to the company, and appreciate his thoughtfulness and mentorship over the past year. I’m reinvigorated to be taking the…

– Garga.eth (Greg Solano) 🍌 (@CryptoGarga) February 21, 2024

The announcement comes as Yuga Labs acquires new collections with Moonbirds and Oddities.

Last autumn, the most respected company in the NFT space made redundancies. The value of the tokens in its collections has plummeted over the past 24 months.

Keep up to date with crypto news on our Twitter or Telegram