Bored Ape Yacht Club Founder Returns as CEO, Vows to Refocus on Web3 Vision
• Yuga Labs co-founder Greg "Garga" Solano returns as CEO, replacing former Activision executive Daniel Alegre • Solano wants to give more autonomy to the Bored Ape Yacht Club team with a new subsidiary BAYC LLC • He aims to position Otherside as the "living room of Web3" and promises more communication around the metaverse game • The goal is to appeal to mainstream gamers while also embracing more "crypto-native mechanics and platforms" • Bored Ape floor prices spiked 5% on the leadership change announcement to around $66.5k, the highest in 3 months