Bored Ape Yacht Club Co-Founder Steps Down as Yuga Labs CEO
Yuga Labs said Michael Figge has been appointed CEO after serving in the role for several weeks, while Greg Solano moved to board chairman following his work on Otherside.
APE
Fact Check
The strongest directly fetched evidence is the Bitget article "Yuga Labs CEO announces that Michael Figge will take over | Bitget News," which explicitly says Greg Solano will transition to Chairman of the Board and Michael Figge will assume CEO duties. Independent corroboration appears in search results for The Block article "Bored Apes-creator Yuga Labs taps new CEO as Greg Solano moves to chairman role," which matches the same leadership change. However, confidence is reduced because the The Block article could not be directly fetched, and no official Yuga Labs announcement was successfully retrieved in this run. The specific added detail in the user's text that Solano moved to chairman 'following his work on Otherside' is only indirectly echoed in search snippets, not robustly validated from a fetched primary source.
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Summary
Yuga Labs announced a leadership change in which Michael Figge was appointed CEO and Greg Solano moved to chairman of the board. Figge joined the company in 2021 and had already been serving as CEO for several weeks before the appointment was confirmed. Solano said Figge’s work on Otherside over the past year supported the transition. The update adds succession details to the earlier announcement that the Bored Ape Yacht Club co-founder was stepping down as chief executive.
Terms & Concepts
- Bored Ape Yacht Club: A well-known NFT collection created by Yuga Labs that became a major brand in blockchain-based digital collectibles.
- NFT: A non-fungible token, a blockchain-based digital asset used to represent unique ownership of items such as art or collectibles.
- Otherside: A Yuga Labs metaverse-related project tied to its Web3 ecosystem and broader expansion beyond NFT collections.