Yuga Labs CEO on Crypto Market: ‘This Cycle is Different’

Yuga Labs continues to push forward with its ambitious 'Otherside' metaverse project, positioning it as a crypto equivalent to Roblox or Fortnite. Despite a significant downturn in blockchain gaming activity—evidenced by a 93% year-over-year drop in funding reported by DappRadar—the company remains committed to its vision.

CEO Greg 'Garga' Solano describes the current market cycle as distinct from previous ones. 'Consumer-crypto is insanely quiet,' he notes, while institutional adoption accelerates through treasury companies and ETFs. Meanwhile, younger investors are entering the space via memecoins and platforms like pump.fun.

Yuga's financial resilience stands out. The company previously generated over $500 million in 'Otherdeed' NFT land sales within 24 hours during the 2022 NFT boom, following a $450 million funding round. This war chest positions Yuga as one of the few players capable of delivering a high-quality crypto game at scale.