The appointment of one of Activision Blizzard (NASDAQ:ATVI)'s highest-ranking executives to a leadership position at Bored Ape Yacht Club parent Yuga Labs has been seen as a boon for its metaverse efforts and another 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. He'll take the helm of the company in the first half of 2023, succeeding the current chief executive, Nicole Muniz.