The appointment of one of Activision Blizzard's highest-ranking executives to a leadership position at Bored Ape Yacht Club (BAYC) parent Yuga Labs has been seen as a boon for its metaverse efforts and another sign of validation of the crypto industry. On Dec. 19, Yuga Labs confirmed it has appointed Daniel Alegre, the current president and chief operating officer of Activision Blizzard as its new CEO, who will take the helm of the company in the first half of 2023, succeeding the current CEO Nicole Muniz. Activision Blizzard, a gaming giant with a market cap of around $60 billion, according …

The gaming world burst into an outrage as a result of Blizzard's move to expel a leading professional gamer from Hong Kong, Chung Ng Wai (aka Blitzchung), from its international Hearthstone esports tournament. Hearthstone is an online game featuring collectible cards that give players certain characters and abilities for an edge against their opponents. It was not long until Gods Unchained, a rival blockchain-based game, claimed it will give back Blitzchung all his rescinded winnings and welcome him into their tournaments. Blitzchung was removed from the Hearthstone Grandmaster tournament he had just won as soon as he said: "Liberate Honk …