Yuga Labs, the creator of the once-popular Bored Ape Yacht Club NFT collection, has a new boss.
CEO Greg Solano took to social media Thursday to announce he is sliding into the role of chairman of the board as Michael Figge takes over as chief executive.
“Figge is the absolute best person for the job. There’s no one I trust more to lead Yuga through this next chapter,” said Solano, who had been CEO for about two years. “He’s relentless about product quality, he thinks longterm, and he knows how to take a vision and make it real. His work on Otherside the past year is proof of that, and you haven’t seen the half of it.”
The management shakeup comes as Yuga Labs continues to develop its metaverse project, Otherside, which the company has branded as a “metaRPG where the players own the world, the currencies are real, and thousands can play together in real time.”
In February 2024, Solano, a Yuga Labs co-founder known pseudonymously as Garga, assumed the role of CEO as Daniel Alegre, a former COO of Activision Blizzard, exited. Alegre was CEO for 10 months.
According to his LinkedIn, Figge most recently served as chief product officer.
“With Otherside, we’re developing a world class social platform for digital ownership and crypto,” he posted to X on Thursday. “People will explore Otherdeeds, compete for resources, and build their own experiences. To win, we’re going to need to grow our user base a lot, and prove how every community can succeed in Otherside.”
Figge has been with the company since 2021 and has been the CEO for a few weeks, he said.
Solano will continue to help Yuga Labs grow.
“Creative direction, writing, and figuring out insane ideas is still where I do my best work. And with Figge taking over the CEO role, I get to go back to it. I can’t wait for what Yuga builds next,” he said.
© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
