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Yuga Labs CEO Daniel Alegre said the firm was stretching itself thin by taking on too many projects, and will now focus on its core aims with a smaller team. Cutbacks at Yuga Labs Bored Ape Yacht Club creator Yuga Labs has announced a restructuring that has seen several roles “eliminated across the company.” The exact number of layoffs hasn't been specified, however, in an Oct. 6 blog post shared via X ( formerly Twitter), Yuga Labs CEO Daniel Alegre suggested the firm had taken on too many projects that were ultimately distracting it from its “core priorities.” Yuga Labs is announcing a restructuring that will better focus our team on our core priorities. While certain roles have been impacted, these changes are necessary to evolve as an organization. For more see a note written by @dalegre on our https://t.co/722YfqwaCB official blog. — Yuga Labs (@yugalabs) October 6, 2023 “I realized very quickly that there were a number of projects that, while well-intentioned, either spr...

LayerZero CEO Bryan Pellegrino is optimistic about the future of the blockchain industry and the “really important plumbing” LayerZero provides for it. The outlook for the crypto industry is bright. As a matter of fact, the present isn’t even all that grim, Bryan Pellegrino, CEO of cross-chain interoperability protocol LayerZero, told Cointelegraph at the Collision conference in Toronto. “2015 was basically unbearable. […] Nobody cared; there was nothing. This really doesn't seem that bad to me,” Pellegrino said. LayerZero has seen surging use of its protocol, from 10,000 messages a day six months ago to 650,000 a day now, Pellegrino told Cointelegraph U.S. news editor Sam Bourgi. Its market is rapidly evolving. Pellegrino said: “Historically, it’s been largely DeFi [decentralized finance]. Probably 70% of our overall volume is real DeFi use cases, […] but probably 80% of our inbound is split between gaming and NFTs.” “I think the 36 months moving forward are going to look a lot ...

A new survey showed that developers believe that integrating Web3 will have an impact in terms of user acquisition and retention. As blockchain gaming gains broader adoption, 3 out of 4 game developers are expecting to work on Web3 game projects in the future, according to a recent survey.  Blockchain entertainment firm Coda Labs commissioned a survey, targeting game developers to have a peek at their thoughts about Web3. After conducting the survey, the researchers found that a majority of the respondents believe that Web3 gaming is on its way to their firms. 75% of the participants expect to work on Web3 projects in the future. Apart from this, more than half of the survey participants believe that Web3 will revolutionize the gaming industry. Some believe that Web3 will have an impact in terms of user acquisition and retention. 40% anticipate that implementing Web3 will bring more new users, while 36% believe that Web3 integration will enable games to retain users better. Sekip Can...