The chaos at Bored Ape Yacht Club-owner Yuga Labs, explained
On Wednesday, Yuga Labs CEO Daniel Alegre was pushed out as CEO. Cofounder Greg Solano, commonly referred to by the moniker Gargamel (or Garga) took back control of the company known for stewarding NFT collections including the Bored Ape Yacht Club and CryptoPunks.The decision comes in the wake of mounting concerns from so-called Ape Holders over the state of the business, the company’s acquisition of another NFT purveyor, Proof Collective, and a changing company culture. Yuga Labs has not yet responded to Fast Company’s…