#Yugalabs Lays Off Again! Just 6 months after restructuring, the #NFT giant behind Bored Ape Yacht Club announces more layoffs and a renewed focus.

CEO #Solano says Yuga Labs "lost its way" and needs to return to its creative roots. He blames complex processes and a focus on planning over execution.

The company is spinning off some projects to focus on its 3D #metaverse game "Otherside." This comes amid falling NFT royalties due to marketplace changes.

Yuga Labs also announced Won Kim as their new Head of Brand Partnerships, but it's unclear if this is part of the restructuring.