‘Huge signal and validation’ — Top Activision exec to take Yuga Labs’ helm

The appointment of one of Activision Blizzard’s highest-ranking executives to a leadership position at Bored Ape Yacht Club (BAYC) parent Yuga Labs has been seen as a boon for its metaverse efforts and another sign of validation of the crypto industry. On Dec. 19, Yuga Labs confirmed it has appointed Daniel Alegre, the current president and chief operating officer of Activision Blizzard as its new CEO, who will take the helm of the company in the first half of 2023, succeeding the current CEO Nicole Muniz.  Activision Blizzard, a gaming giant with a market cap of around $60 billion, according to