Yuga Labs will focus on its metaverse extension Otherside as the company restructures, amid other initiatives.
Yuga Labs CEO Daniel Alegre announced a company restructuring and workforce reductions in a Friday memo.
"When I joined Yuga six months ago, my first priority was to lay out a clear vision that focused our team on the creative storytelling and community building that is at the core of Yuga," Alegre added. "I realized very quickly that there were a number of projects that, while well-intentioned, either spread the team too thin or required execution expertise beyond our core competencies.
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