Activision Blizzard president and COO, Daniel Alegre, is departing the writer to hitch NFT firm Yuga Labs. The information was buried in an SEC submitting, the place the Name of Responsibility writer defined Alegre “plans to go away for one more alternative upon completion of the present time period of his employment settlement,” which expires on March 31, 2023. As detailed in a separate press launch, Alegre will then be a part of Yuga Labs as CEO.Yuga Labs mentioned Alegre’s appointment will assist it understand its “formidable imaginative and prescient for blockchain gaming, metaverse improvement, and community-building.”The web3 firm is greatest identified for launching the Bored Ape Yacht Membership assortment of NFTs in 2021, and earlier this 12 months raised $450 million in seed funding at a valuation of $4 billion. In a press launch that is heavy on spiel and lightweight on particulars, the corporate mentioned it is now engaged on making a “gamified metaverse impressed by MMORPGs” referred to as Otherside, which was revealed in March 2022 and might be powered by Yuga’s personal cryptocurrency, ApeCoin. Yuga believes Alegre’s expertise working in video video games and tech will enable it to extra successfully scale up that mission.”We’re thrilled to have [Daniel] be a part of the crew to assist with our imaginative and prescient of a very interoperable metaverse. Daniel has held one of many highest degree roles at one of many largest gaming corporations on the planet,” mentioned Yuga Labs co-founder Wylie Aronow.”He brings useful expertise throughout leisure, e-commerce, and international strategic partnerships—all of that are vital facets of an immersive web3 world constructed by creators and for creators.”Alegre, in the meantime, mentioned he believes Yuga’s pipeline of merchandise and partnerships represents a “huge alternative to outline the metaverse in a manner that empowers creators and gives customers with true possession of their identification and digital belongings.”He departs Activision Blizzard with the corporate in the course of a protracted merger with Microsoft, which is trying to buy the U.S. writer for $68.7 billion.