Yuga Labs CEO Daniel Alegre said that the compay's restructuring is complete, and a big focus moving forward will be on Otherside.
Yuga Labs CEO Daniel Alegre said today that the company's restructuring is complete — and the team will focus on developing its metaverse extension, Otherside, while supporting existing communities.
Following the restructuring, Alegre added that the team has three priorities — supporting existing communities, focusing on the execution of Otherside and leveraging partnerships. “The relationship between Punks and Yuga when I joined was, I have to say, strained. What we continually heard was that Yuga didn’t care – while at the same time there was a strong desire to be left alone,” Alegre wrote. “As a result, we expanded our engagement with top-tier museums to elevate the already strong stature of CryptoPunks, to broaden the art collector appeal for the brand. We doubled-down… tripled-down even… on community support.
Alegre has also made it clear in his earlier restructuring note that a big focus of Yuga will be on the development of Otherside. He reiterated in his X post today that Yuga is “accelerating the development and building out unique and differentiated digital experiences that are supported with strong and scalable tech.”
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