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

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Javits Center North | 445 11th Ave

Tues - Thurs, March 24 - 26, 2026

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

Unlocked by Template.png

Research

The march toward an interoperable and onchain-by-default internet depends on reliable messaging and value transfer across heterogeneous domains. Crosschain protocols now process >$1.3T in combined annual transfer volume and secure tens of millions of user interactions, yet no single design dominates.

article-image

The goal, per Santiago Santos, is to make crypto a relatable piece of tech for people who may not even understand it

article-image

Stripe stablecoin unit aims to operate under a federal charter enabling regulated stablecoin issuance and custody services

by Blockworks /
article-image

Will TradFi make crypto better or create more problems than it solves?

article-image

Subtle decisions by risk curators saved Aave from significant turmoil

article-image

The new Rootstock Institutional unit aims to connect professional investors to Bitcoin-native yield and liquidity strategies anchored in BTC’s security layer

by Blockworks /
article-image

DOJ files record civil forfeiture against more than 127,000 BTC linked to scam activity

by Blockworks /