Hasaan
04/19 09:15
Yuga Labs Names New CEO as It Pushes Forward on Ot
Yuga Labs, the company behind the once-hyped Bored Ape Yacht Club NFTs, is going through another leadership change as it doubles down on its long-term metaverse ambitions.
Co-founder Greg Solano announced that he is stepping down as CEO and moving into the role of chairman of the board. Taking over as chief executive is Michael Figge, who previously served as the company’s Chief Product Officer.
Solano praised Figge as the right leader for the next phase, highlighting his strong focus on product quality, long-term thinking, and ability to turn ambitious ideas into real products. He also pointed to Figge’s recent work on Otherside as proof of his impact.
Otherside is Yuga Labs’ flagship metaverse project, designed as a large-scale social world where users can own digital land, interact in real time, and build their own experiences. The company sees it as a key pillar of its Web3 future.
Figge, who has been with Yuga since 2021, said the goal moving forward is to significantly grow the platform’s user base and prove that digital ownership and community-driven economies can scale successfully.
This leadership shift comes after a period of instability at the top, with former Activision Blizzard executive Daniel Alegre serving as CEO for only about 10 months before Solano stepped in during 2024.
Despite stepping aside as CEO, Solano said he will remain deeply involved in the company’s creative direction, focusing on storytelling, ideas, and world-building for Yuga’s ecosystem.
The move signals a renewed push by Yuga Labs to stabilize leadership and accelerate development of Otherside as competition in the NFT and metaverse space continues to evolve.
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