Yuga Labs CEO Greg Solano dismissed several employees on Friday; steadily declining since 2022. 1. Yuga Labs Restructuring: Yuga Labs, the creator of the Metaverse game, announced employee layoffs as part of a restructuring process initiated by CEO Greg Solano. The company is refocusing on blockchain-based strategies. 2. Staff Reduction: Yuga Labs terminated an unspecified […]
In a landmark ruling that underscores the value of intellectual property in the digital art space, U.S. District Judge John F. Walter has ordered artist Ryder Ripps and Not Larva Labs founder Jeremy Kaehen to pay Yuga Labs, the creator of the Bored Ape Yacht Club (BAYC), a hefty sum of $8.9 million. This decision […]
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