Yuga Labs has finally unveiled its highly anticipated HV-MTL (Heavy Metal) Evo1 NFTs after a short delay. However, many members of the NFT community have expressed disappointment with the project, criticizing it for being low-effort and lacking originality. Despite this, the HV-MTL NFTs will play a crucial role in Yuga Labs' upcoming gamified odyssey and will be required for its HV-MTL: Forge activation, making them an important addition to any collector's portfolio.

From what started two years ago with boring ape JPEGs, Yuga Labs became an industry behemoth with 16 NFT collections in its portfolio. These collections are now responsible for 34.6% of all the trading volume in the NFT industry. This is a report about Yuga Labs, Bored Ape Yacht Club and the establishment of a true Web3 brand.

Yuga Labs has warned users not to click on any coin minting links and to avoid interacting with any Twitter accounts identified as Daniel Alegre.

Gamers want to participate in the creative environment of gaming and be a part of the ecosystem, but will flee if they think that the metaverse and Web3 are just about fleecing them for money, Daniel Alegre, the new CEO of Yuga Labs, said on stage at the Consensus 2023 festival.

In his first public appearance as CEO of Yuga Labs, Daniel Alegre may have said web3 isn’t a game of kill or be killed, but he did more or less imply he wants his company to sit head and shoulders above its rivals.

Four months after hiring former Activision President and COO Daniel Alegre as its new CEO, Bored Ape Yacht Club and Otherside creator Yuga Labs is bringing on more game industry leaders to spearhead its unicorn startup. 

Former Epic Games executive Mike Seavers is joining Yuga Labs as its new Chief Technology Officer. Yuga Labs is a Web3 company that is the home of popular NFT collections such as Bored Ape Yacht Club and CryptoPunks, as well as the Otherside metaverse and the ApeCoin token. Seavers replaces co-founder Kerem Atalay, who will remain as a strategic advisor. Yuga Labs CEO Daniel Alegre expressed excitement about Seavers' experience and vision for the company's future in the press release.

Yuga Labs, the creator of the Bored Ape Yacht Club dominate the NFT market—and accounts for a nearly 35% share of all NFT trading volume over the last six months, according to a new report by DappRadar.

Yuga Labs, creator of the Bored Ape Yacht Club (BAYC) NFT collection, has won a pre-trial summary judgment in its trademark infringement case against Ryder Ripps and Jeremy Cahen. The RR/BAYC NFT collection contained identical copies of Bored Apes and used marketing material similar to that of BAYC. The court found that the duo utilized BAYC trademarks without Yuga Labs' consent, potentially causing confusion amongst buyers. The court ruled that Yuga Labs was entitled to an injunction and damages, which will be determined during a trial. Yuga Labs had initially asked for $200,000 in statutory damages, but this claim was dismissed. The BAYC creators described the judgment as a win for the entire Web3 industry.

April 23 (Cointime) - Jeff Huang, aka 'Machi Big Brother', a Taiwanese-American musician and tech entrepreneur based out of Taiwan, denied being the founder of Nakamigos or the $PEPE token, stating that the project was actually started by Beeple or Yuga Labs.