According to World Chain Finance, YugaLab appointed Daniel Alegre, the upcoming president and chief operating officer of Activision Blizzard, as the new CEO. Alegre announced the new position of YugaLabs as the new CEO of YugaLabs within 72 hours of his resignation. Alegre is expected to supervise some creative development related to the company's intellectual property rights, including BoredApeYachtClub, CryptoPunksNFT and Otherside Metauniverse Platform.

YugaLabs appointed Daniel Alegre, the upcoming president and chief operating officer of Activision Blizzard, as the new CEO. Alegre announced the new position of YugaLabs as the new CEO of YugaLabs within 72 hours of his resignation. Alegre is expected to supervise some creative development related to the company's intellectual property rights, including BoredApeYachtClub, CryptoPunksNFT and Otherside Metauniverse Platform.

When commenting on Alegre's invitation and appointment, Wylie Aronow, co-founder of YugaLabs, said: "Daniel has held the highest level position in one of the largest game companies in the world." "Daniel has valuable experience in entertainment, e-commerce and global strategic partnerships, which are built by creators and are the key to creating an immersive Web."

What will Daniel Alegre, former president and chief operating officer of Activision Blizzard, bring to the Web after taking over as CEO of YugaLabs? At the beginning of 2020, Alegre began to take charge of Activision Blizzard and participated in the development of some famous Activision production games, including Call of Duty, Dark Destruction, Watchman, Warcraft and Candy Smash Legend. In addition, the former president of Activision has worked at Google for 16 years and led many projects.

Alegre commented on YugaLabs' appointment and praised blockchain technology company's progress in the three fields of appointment Web. Alegre said that YugaLabs has won a reputation through story telling and community building. Alegre described his behavior of joining the creators of BoredApeYachtClub as "the great opportunity to define the meta universe is to empower the creators and provide users with real identity and ownership of digital assets."

According to YugaLabs, Alegre's predecessor, Nicole Muniz, will be CEO in the first half of next year and will still be a partner and strategic adviser. YugaLabs also said that Alegre's main focus at the helm would be to further develop the Otherside plan. At present, YugaLabs describes Otherside as a game meta universe seeking interoperability. This project is one of the largest projects in the NFT community this year, with a total coinage and trading volume of about 1.1 billion dollars. What will Daniel Alegre, CEO of YugaLabs and former president and chief operating officer of Activision Blizzard, bring to the Web? It is reported that Alegre will also use MutantApeYachtClub # 3850 as his new avatar during his leadership of YugaLabs.

Last month, before the announcement of the correct appointment of Alegre, Muniz, the current CEO of YugaLabs, planned to hire the best experts. Muniz's experienced employees will help YugaLabs in the next stage of development. YugaLabs appointed Spencer Tucker as the company's chief game officer. SpencerTucker has about 20 years of experience in the game industry, specializing in game development and design, UGC, Web3. Participating in creative communities and other fields. A few days before the news was released, the Biden government sued to prevent technology giant Microsoft from acquiring Activision Blizzard for $69 billion. Last Friday, Activision Blizzard said in a document that Alegre informed Activision last week that he planned to look for another opportunity after his term ended on March 31.

Alegre said: "Since 2021, YugaLabs has become famous rapidly through the strong combination of story telling and community building since it became popular with the Bored Ape Yacht Club." In March, the startup said that after the encryption fund a16zcrypto of Andreessen Horowitz raised $450 million, the company's valuation reached $4 billion.

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NFT represents that the irreplaceable currency is a digital asset. It uses blockchain technology to record who owns digital items such as images, videos or items in the game. The boring ape NFT is often used as a social media avatar. FTC filed a lawsuit against Microsoft's acquisition of Activision Blizzard. Microsoft's acquisition of Activision Blizzard with US $69 billion may bring a fatal blow to competitors. Microsoft will have unfair intellectual property rights than its contemporaries.