Yuga Labs CEO Greg Solano said intricate corporate processes muddied the company’s creative spirit.
In this week’s newsletter, nonfungible token (NFT) company Yuga Labs has laid off employees, and the European Union believes the metaverse can help children’s health. Find out how professionals feel about blockchain integration on metaverses and look into Disney’s 360-degree treadmill, demonstrated by tech YouTuber Marques Brownlee. In other news, Manchester City enters a new partnership to develop digital collectibles.
Yuga Labs CEO Greg Solano announced on X that the NFT company is restructuring and laying off employees. Solano highlighted to the staff that the firm’s creative spirit was “muddied by labyrinthine corporate processes.”
The executive said the company had been planning more than they were shipping, ending up in groups and committees. However, the Yuga CEO said he has a plan, revealing some steps in the reorganization process.
