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Bruce B. Dec 20, 2022
Financial Services News
Last active over 7 days
Last active over 7 days
Chief operating officer and president of video game giant Activision Blizzard, Daniel Alegre, will join NFT leader Yuga Labs as its new CEO, according to a report.

Effective in the first half of 2023, Alegre will replace the company’s current CEO Nicole Muniz, who will stay on as a partner and strategic advisor to the company.

"Daniel has held one of the highest level roles at one of the largest gaming companies in the world,” Wylie Aronow, Yuga Labs co-founder, said in a statement.

"He brings valuable experience across entertainment, e-commerce, and global strategic partnerships — all of which are critical aspects of an immersive web3 world built by creators and for creators."

Formed in April 2021 with the release of the Bored Ape Yacht Club non-fungible token (NFT) collection, Yuga Labs is one of the most well-known players to have emerged from the NFT boom.

In March, Yuga acquired two other popular NFT collections, Crypto Punks and Meebits. It also closed a $450 million funding round led by a16z. Yuga Labs reached a valuation of $4 billion. With the raise, the company also announced plans for a “gamified metaverse” project called Otherside.

“The company’s pipeline of products, partnerships, and IP represents a massive opportunity to define the metaverse in a way that empowers creators and provides users with true ownership of their identity and digital assets,” Alegre stated in a blog post.

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