In March, Yuga Labs raised $450 million led by venture capital firm Andreessen Horowitz (a16z), reaching a $4 billion valuation.
Now Yuga Labs, the web3 startup behind Bored Ape Yacht Club, has appointed the former Activision Blizzard president and COO Daniel Alegre as the company’s new CEO, effective in the first half of 2023. Daniel Alegre was only named president and chief operating officer of Activision Blizzard in April 2020. Blizzard is known as the powerhouse gaming company behind titles like Call of Duty, World of Warcraft, and more.
Daniel Alegre will replace Nicole Muniz, who joined Yuga Labs as CEO in September 2021. Nicole Muniz will stay on as a partner and strategic advisor. Under Nicole Muniz, the company has grown its portfolio of non-fungible token (NFT) projects, acquiring Meebits and CryptoPunks from Larva Labs in March and Beeple’s Web3 ecosystem WENEW and its flagship NFT project, 10KTF, last month.
Daniel Alegre stated in a press release:
“Throughout my career, I have sought to build disruptive and innovative platforms that provide long-term value to consumers – web3 presents an opportunity to reinvent how content is used, transacted, and owned across the globe.”
