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{"id":14708,"date":"2023-01-20T21:51:14","date_gmt":"2023-01-20T21:51:14","guid":{"rendered":"https:\/\/scienceandnerds.com\/2023\/01\/20\/bored-apes-creator-yuga-labs-appoints-activisions-daniel-alegre-as-ceo\/"},"modified":"2023-01-20T21:51:15","modified_gmt":"2023-01-20T21:51:15","slug":"bored-apes-creator-yuga-labs-appoints-activisions-daniel-alegre-as-ceo","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2023\/01\/20\/bored-apes-creator-yuga-labs-appoints-activisions-daniel-alegre-as-ceo\/","title":{"rendered":"Bored Apes creator Yuga Labs appoints Activision\u2019s Daniel Alegre as CEO"},"content":{"rendered":"

Source:https:\/\/techcrunch.com\/2022\/12\/19\/bored-apes-creator-yuga-labs-appoints-activisions-daniel-alegre-as-ceo\/<\/a><\/br>
\nBored Apes creator Yuga Labs appoints Activision\u2019s Daniel Alegre as CEO<\/br>
\n2023-01-20 21:51:14<\/br><\/p>\n

\n

Activision Blizzard COO Daniel Alegre is leaving the gaming giant to take over as CEO of Yuga Labs, the company behind the Bored Ape Yacht Club. Yuga\u2019s first and current CEO Nicole Muniz will stay on as a strategic advisor.<\/p>\n

\u201cNicole, Greg, and I have been on the hunt for someone with Daniel\u2019s skill set for some time,\u201d said Yuga co-founder Wylie Aronow in a press release<\/a>. The crypto company wanted to appoint a gaming veteran as CEO to help work on projects like Otherside<\/a>, its metaverse gaming platform. As an executive who oversaw franchises like Call of Duty, World of Warcraft and Candy Crush, Alegre fits the bill. He also worked at Google for more than 16 years, in roles such as president of Global and Strategic Partnerships.<\/p>\n

In March, prior to crypto meltdowns like the implosion of FTX<\/a> and Terra\u2019s UST<\/a>, Yuga Labs raised\u00a0$450 million<\/a> from Andreessen Horowitz at a $4 billion valuation. After last month\u2019s FTX bombshell<\/a> dropped, the price to buy your way into the Bored Ape Yacht Club had decreased by 82% since its peak in April, according to Decrypt<\/a>. But the greater industry concerns haven\u2019t seemed to stall Alegre.<\/p>\n

\u201cSince exploding onto the scene with Bored Ape Yacht Club in 2021, Yuga Labs has quickly made a name for itself through a powerful combination of storytelling and community-building,\u201d said Alegre in a statement<\/a>. \u201cThe company\u2019s pipeline of products, partnerships, and IP represents a massive opportunity to define the metaverse in a way that empowers creators and provides users with true ownership of their identity and digital assets.\u201d<\/p>\n

Alegre is not the first major gaming executive to jump over to crypto. In January, Ryan Wyatt left his role<\/a> as head of YouTube Gaming to become CEO of Polygon Studios<\/a>.<\/p>\n

The jump from an established executive role into a volatile industry might seem risky, but Activision Blizzard has been riddled with conflict itself. A report from The Wall Street Journal last year found that Activision Blizzard CEO Bobby Kotick knew for years<\/a> about rampant sexual harassment at the company, but failed to act. For over a year, Activision Blizzard employees have protested against the company\u2019s\u00a0poor handling<\/a> of ongoing sexual harassment allegations, which in part inspired a historic union movement for the gaming industry. But on employees\u2019 way to establishing two formally recognized unions<\/a>, Alegre was caught in the crossfire.<\/p>\n

In October, the National Labor Relations Board (NLRB) found that Activision Blizzard illegally withheld wages<\/a> from workers who were in the process of unionizing. In testimony, the NLRB learned that Alegre offered to fly to Wisconsin to speak with unionizing QA testers at subsidiary Raven Software. This practice would be barred by the National Labor Relations Act, though, since it can lead to coercion. At the time, Activision Blizzard told TechCrunch that the company denied the accuracy of the complaint, since Alegre\u2019s proposed meeting would not be mandatory and not address grievances. Furthermore, the meeting never took place.<\/p>\n

Activision Blizzard\u2019s future ownership is also up in the air. Microsoft has an agreement with the gaming company to acquire it for $68.7 billion<\/a>, one of the most expensive tech acquisitions in history. But now, the Federal Trade Commission is suing to block the deal<\/a>, claiming that it would stifle competition.<\/p>\n

Alegre\u2019s term at Activision Blizzard concludes at the end of March, per an SEC filing<\/a>. Yuga says that Alegre will take the helm in the first half of 2023.<\/p>\n<\/p><\/div>\n

<\/br><\/br><\/br><\/p>\n

Tech, Technology<\/br>
\n<\/br>
\nSource:
https:\/\/techcrunch.com\/2022\/12\/19\/bored-apes-creator-yuga-labs-appoints-activisions-daniel-alegre-as-ceo\/<\/a><\/br><\/br><\/p>\n","protected":false},"excerpt":{"rendered":"

Source:https:\/\/techcrunch.com\/2022\/12\/19\/bored-apes-creator-yuga-labs-appoints-activisions-daniel-alegre-as-ceo\/ Bored Apes creator Yuga Labs appoints Activision\u2019s Daniel Alegre as CEO 2023-01-20 21:51:14 Activision Blizzard COO Daniel Alegre is leaving the gaming giant to take over as CEO of Yuga Labs, the company behind the Bored Ape Yacht Club. Yuga\u2019s first and current CEO Nicole Muniz will stay on as a strategic advisor. \u201cNicole, […]<\/p>\n","protected":false},"author":1,"featured_media":14709,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"pagelayer_contact_templates":[],"_pagelayer_content":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[17,8],"tags":[],"class_list":["post-14708","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tech","category-technology"],"yoast_head":"\nBored Apes creator Yuga Labs appoints Activision\u2019s Daniel Alegre as CEO - Science and Nerds<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/scienceandnerds.com\/2023\/01\/20\/bored-apes-creator-yuga-labs-appoints-activisions-daniel-alegre-as-ceo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bored Apes creator Yuga Labs appoints Activision\u2019s Daniel Alegre as CEO - Science and Nerds\" \/>\n<meta property=\"og:description\" content=\"Source:https:\/\/techcrunch.com\/2022\/12\/19\/bored-apes-creator-yuga-labs-appoints-activisions-daniel-alegre-as-ceo\/ Bored Apes creator Yuga Labs appoints Activision\u2019s Daniel Alegre as CEO 2023-01-20 21:51:14 Activision Blizzard COO Daniel Alegre is leaving the gaming giant to take over as CEO of Yuga Labs, the company behind the Bored Ape Yacht Club. 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