Yuga’s Greg Solano resumes role as CEO, pledges stronger ‘cryptonative’ focus

As part of the shakeup, Yuga Labs created BAYC LLC, a subsidiary of the company

article-image

T. Schneider/Shutterstock modified by Blockworks

share

Yuga Labs co-founder Greg Solano announced on Wednesday that he’s taking back the helm of CEO.

Former Activision Blizzard CEO Daniel Alegre became CEO in April of last year. Alegere had replaced Nicole Muniz, who’d served as CEO for roughly a year at the time.

“I am so grateful to have had the opportunity to lead this great team and to have connected globally with so many community members. Yuga has such a bright future,” Alegre said in a post on X. 

Loading Tweet..

Solano said he’s “reinvigorated to be taking the reins for our next chapter.” He, in his own post on X, detailed what the change means for Yuga.

Loading Tweet..

Solano plans to “unshackle” the Bored Apes Yacht Club team. 

Read more: Pudgy Penguins approach Bored Ape floor prices, buoyed by CEO’s expansive approach

“A new company, ‘BAYC LLC,’ was created as a Yuga subsidiary and will be responsible for everything BAYC. We’ve got a crack team of ninjas on the BAYC team, but there’s still a couple important roles to be filled over there,” Solano said.

The team will also ramp up Otherside communications, with plans for it to become the “default space” for users to “play and hang” with their Web3 communities.

Last October, Yuga Labs announced US layoffs as part of a restructuring plan under Alegre. At the time, Solano reiterated that Yuga Labs had over 120 employees following the reduction.

The former executive also emphasized the company’s focus on Otherside, saying “every ongoing digital connection will be part of and reinforce the Otherside evolution.”

Updated Friday, Feb. 23 at 3:30 pm ET: Clarified that Alegre officially became CEO in April.


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Research

article-image

The all-cash deal will push Sanctum beyond liquid staking tokens

article-image

The stablecoin-focused bill is set to have a profound effect on dollar dominance and the demand for US debt, a senior Treasury official says

article-image

PUMP’s numbers on Solana indicate a “fork in the road” when it comes to the role of DEXs in token sales, says Blockworks Research

article-image

Shuffle, Stake and Rollbit are some companies betting on blockchains

article-image

The House embraces crypto — but keeps the fences up

article-image

The network got slower in June — and it wasn’t for tech-related reasons