Greg Solano, widely known by his pseudonym “Garga” and co-founder of Yuga Labs, has announced that he will take over as CEO.

This announcement comes as Daniel Alegre, former COO of Activision Blizzard and CEO of Yuga Labs, steps down after a tenure of approximately ten months.

Crypto-Native Focus

The leadership transition was revealed through a post on X, wherein Solano expressed his enthusiasm for steering the company into its next phase.

“I am stepping back in as CEO of Yuga Labs,” Solano stated. “Wylie and I are grateful for all the contributions and operational rigor Daniel has brought to the company and appreciate his thoughtfulness and mentorship over the past year. I’m reinvigorated to be taking the reins for our next chapter.”

In response to the post, Alegre expressed gratitude to the Yuga Labs team for their collaboration during his tenure as CEO and expressed confidence in the company’s promising future.

Speaking on Yuga Lab’s future, Solano outlined key focus areas for the company, emphasizing a shift towards a more crypto-native approach across all operations.