Yuga Labs Completes Restructuring, Focuses on Developing Otherside Metaverse Extension and Supporting Existing Communities

Yuga Labs CEO Daniel Alegre has announced that the company's restructuring is now complete and the team will focus on developing its metaverse extension, Otherside, while also supporting existing communities. Alegre addressed concerns and feedback from Yuga Labs' various NFT communities after the company announced a restructuring and staff cuts earlier this month.

The team's three priorities following the restructuring are supporting existing communities, focusing on the execution of Otherside, and leveraging partnerships. The company has been selective in its partnerships for its blue-chip NFT project, Bored Ape Yacht Club, and will continue to support offline events.

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