With the addition of Daniel Alegre, Yuga Labs is anticipated to increase its metaverse initiatives.
The executive joined the NFT program on April 1 after resigning on March 31 as president and COO of gaming giant Activision Blizzard.
Over the past few years, Alegre has overseen significant Activision Blizzard properties like Call of Duty, World of Warcraft. He tweeted, “Couldn’t be more excited for this next chapter.”
The executive has extensive experience in the gaming, entertainment, and technology industries. He served for over sixteen years in various leadership positions overseeing global shopping revenue, retail ecosystem engagement, and operations in Asia Pacific and Latin America.
In the United States, a class-action complaint launched in December charges the makers of BAYC of using star endorsing and deceiving investors about the financial advantages of Yuga stocks.
Wylie Aronow, a co-founder of Yuga Labs, took a leave of absence in January to prioritize his health after being diagnosed with congestive heart failure. It is unknown when he will be able to resume his responsibilities.
Kieran Warwick, a co-founder of the blockchain role-playing game Illuvium, stated that Yuga Labs’ recruit is “huge for all of GameFi,” implying that Web3 gaming will ignite the next crypto bull run.
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.