Yuga Labs' New Internal Team: The Workshop

Yuga Labs co-founder and CEO Greg Solano, also known as Garga, recently teased a wave of new products developed by an internal team called The Workshop.

Formation of The Workshop

Solano created this internal team after he succeeded former Activision Blizzard executive Daniel Alegre as CEO in February. This restructuring led to several job cuts in April, aimed at streamlining the company’s operations.

> "The creative-first spirit that drove this company from inception has been getting muddied by labyrinthine corporate processes. We work hard and we care but somehow end up with groups and committees. We plan more than we ship," Solano stated in a memo to staff.

He emphasized the need for a smaller, more agile team that can deliver high-quality products quickly, saying, "A team that does fewer things but does them brilliantly."

The New Team's Focus

The Workshop consists of 13 top engineers and product people, described by Solano as "No fat, just doers." Their main objective is to drive the adoption of the upcoming ApeChain network.

Solano expressed that the team aims to deliver innovative, on-chain products swiftly, stating, "…make delightful shit, on-chain, fast. make new primitives and protocols or re-mix old ones. The Workshop is one of the primary ways you're going to see us doing that in the coming weeks and months…"

Product Development Philosophy

Yuga Labs will not support unsuccessful products for long. "When something doesn’t work, we’ll kill it. With love, but no mercy," Solano remarked.

Launch on ApeChain

The upcoming products will launch on the ApeChain, the new Ethereum Layer 2 network for Yuga Labs, powered by Arbitrum and developed in collaboration with Offchain Labs and Horizen Labs. ApeCoin will be the native token, and the ApeCoin DAO will serve as the governance body.

It’s worth noting that ApeCoin's price has dropped roughly 57% since last August, leaving the NFT-focused ecosystem in a less favorable market than before.