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You have probably heard of Bored Ape Yacht Club, a collection of non-fungible tokens (NFTs) created by Yuga Labs. These NFTs are owned by A-list celebrities and exploded in popularity in 2021.
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Daniel Alegre has left Activision Blizzard in order to run Yuga Labs and head up its plans for blockchain-based metaverse.
Daniel Alegre is set to become Yuga Labs' new CEO in the first half of 2023 and will focus on the company's Otherside project.
According to the lawsuit, Ryder Ripps and Jeremy Cahen benefited from Bored Ape NFTs at Yuga Labs' expense.