After a recent leadership shake-up, NFT giant Yuga Labs has announced that co-founder Greg Solano, also known as Garga, will be taking over as the new CEO. This news comes after former Activision Blizzard executive Daniel Alegre held the position for only ten months.

Under Solano’s leadership, Yuga Labs has become well-known for its Bored Ape Yacht Club collection and ApeCoin. The company has also made strategic acquisitions, including CryptoPunks, Meebits, 10KTF, and PROOF collective, the creators of the popular Moonbirds NFT project.

In an announcement on X, Solano revealed his vision for Yuga Labs, which includes the establishment of a dedicated subsidiary for the Bored Ape Yacht Club. He also plans to improve communication about the Otherside metaverse and its upcoming third playtest. Additionally, Solano aims to expand Yuga Labs’ influence beyond the NFT space by developing gaming projects with mass-market appeal.

Despite facing competition from projects like Pudgy Penguins, Solano remains committed to the Bored Ape community and has strategic plans to secure its position in the competitive NFT landscape. This move comes after the Bored Ape Yacht Club was temporarily overshadowed by Pudgy Penguins in terms of floor price.

In addition to the leadership change and future plans, Yuga Labs has also announced that Solano will be unveiling a new subsidiary for the Otherside metaverse. This move further emphasizes Yuga Labs’ commitment to innovation and solidifies its position as a major player in the NFT space.

Overall, the leadership change at Yuga Labs signals a positive direction for the company, with Solano’s vision and commitment to innovation paving the way for future success.