BAYC Parent Yuga Labs Hires Former Activision Blizzard's Head as Chief Executive

 





Daniel Alegre has served as operating chief at Activision Blizzard since April 2020.


Activision Blizzard's Chief Operating Officer Daniel Alegre will become the CEO of Yuga Labs, which creates Bored Ape NFT, the metaverse firm announced on Monday.

The announcement follows a lawsuit filed by the Biden administration to stop Microsoft's $69 billion (about Rs. 5,70,300) acquisition of Activision.


In the first part of 2023, Alegre, who has been the operating director at the videogame publisher since April 2020, will follow Nicole Muniz as CEO of Yuga. Muniz will continue to serve the business as a partner and strategic advisor.

An inquiry for comment from Reuters was not immediately answered by Activision.


"Since debuting in 2021 with Bored Ape Yacht Club, Yuga Labs has rapidly established itself through a powerful combination of storytelling and community-building,” Alegre said.


The business announced its valuation in March at $4 billion, or around Rs 33,100 crore, following a $450 million fundraising round, which was led by a16z crypto, Andreessen Horowitz's cryptocurrency fund.

A non-fungible token, also known as an NFT, is a digital asset that uses blockchain technology to keep track of who owns digital items including images, videos, and in-game items. On social media, Bored Ape NFTs are frequently used as profile images.

Spencer Tucker was named as Yuga Labs' Chief Gaming Officer back in September. The 2021-founded Yuga Labs hired a dedicated leader to head up its gaming-related strategies and initiatives for the first time.

Prior to this, Tucker held the positions of Senior Vice President of Product and President of Games at Scopely  at Gree International Entertainment.

Comments

Post a Comment

Popular posts from this blog

The Sant Goroba Kumbhar Samadhi Temple: A Sacred Shrine of Devotion in Maharashtra

Nestled in the serene village of Ter-Dhoki, near Dharashiv-Osmanabad in Marathwada, Maharashtra, stands the revered Sant Goroba Kumbhar Samadhi Temple. This temple is a testament to the deep devotion and spiritual prowess of Sant Goroba Kumbhar, a revered saint of the Varkari sect who lived during the 13th century. Sant Goroba Kumbhar, affectionately known as Gorobakaka, was a contemporary of revered saints like Namdev and Dnyaneshwar, and his unwavering faith and profound love for Vitthala (Panduranga), a deity worshipped in the form of Lord Krishna, continues to inspire devotees to this day. Born in the year 1189 (1267 AD) according to experts, Sant Goroba Kumbhar was known for his ascetic lifestyle and detachment from worldly affairs. His teachings were highly regarded in the spiritual realm, and he was known to constantly chant the name of Shri Vitthala, with unwavering devotion to the deity. One story that showcases Sant Goroba Kumbhar's deep immersion in devotion is that of h...
Read more

Why crypto asset management makes sense for novice investors

Image
Investing directly in cryptocurrencies can be challenging for most conventional investors because of their complexity, liquidity challenges, and volatility risk. The market for cryptocurrencies is quite unstable. Bitcoin's recent price volatility has seen it fall from grace and then almost immediately rise again. This volatility is a result of market manipulation, business failures, and hacking of investor accounts. However, it's also the very thing that attracts investors hoping for large profits to cryptocurrency. For the majority of traditional investors, investing directly in cryptocurrencies can be difficult because to its complexity, liquidity issues, and volatility risk. A crypto asset management company called Heru Finance specifically seeks to address this. 123Movies is a video streaming website where viewers can watch TV shows and Bollywood or Hollywood films. People can see the most recent films that have been released in HD quality on this website. Nobody else’s st...
Read more

Baywatch: A Lighthearted Take on the Classic TV Series

Baywatch , the iconic TV series that ran from 1989 to 2001, was known for its beautiful beaches, sun-kissed bodies, and thrilling action sequences. The 2017 film adaptation, starring Dwayne Johnson, Zac Efron, and Alexandra Daddario, captures the spirit of the original show while adding a fresh and modern twist. While not without its flaws, Baywatch offers audiences a lighthearted and entertaining romp through the sand and surf of Southern California . The film follows a group of lifeguards who patrol the beaches of Emerald Bay, a picturesque coastal town that is home to the most elite lifeguard team in the world. Dwayne Johnson plays Mitch Buchannon , the no-nonsense leader of the team, who takes newcomer Matt Brody (played by Zac Efron) under his wing. Along with fellow lifeguards Summer (Alexandra Daddario) and CJ (Kelly Rohrbach), they must investigate a criminal plot that threatens the safety of their beach and the people who visit it. Baywatch is a film that doesn't take its...
Read more