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🧪 About Alpha Media Labs

Gm, Tech enthusiasts.

Hey Alpha fam! In today’s newsletters there is not shortage of drama and wild things happening around the web3 and tech space! Pudgy Penguins CEO gets slapped with dark accusations, Yuga Labs restructures company to ensure streamlined operations and Mythical Games drops another mobile game that could reach mainstream gamers, again!

In today’s newsletter:

• 🐧 Pudgy Penguin Accusations!?

• 🙈 Yuga Labs Restructures Company!

• 🎮 Mythical Games Drops Nitro Nation!

Read time: 2 minutes 

Web3 News

Data Download:

• Luca Schnetzler (Luca Netz) is the CEO of Pudgy Penguins has been implicated in various controversial activities, including the deceptive "free chain scam" and drop shipping schemes.

• He has been accused with multiple NFT projects like Spooky Boys Country Club, Cookies N’ Kicks, and DemiGodsUniverse, all of which have faced scam allegations.

• HOWEVER, after further discussion Luca has made aware that all marketing techniques were always publicly available.

• While accused of direct leadership within these projects Luca claims he was just there to help or market for the projects, but was not a CEO.

Data Feed:

Luca Schnetzler (Luca Netz), CEO of Pudgy Penguins, has faced allegations of involvement in controversial activities, including the "free chain scam" and associations with NFT projects like Spooky Boys Country Club and Cookies N’ Kicks, which have been labeled as scams. However, Luca asserts that his marketing techniques were transparent, and while he aided or marketed these projects, he did not hold a CEO position in them.

AI News

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The Announcement Included:

• All-in on 'Otherside' strategy

• Continued collaboration with brands like Gucci & BAPE

• New gaming experiences slated for 2024

• Support for BAYC, CryptoPunks, Meebits & 10KTF remains strong

Data Feed:

Yuga Labs, under CEO Daniel, is undergoing significant restructuring to better align with its core competencies, including creative storytelling, community engagement, and strategic partnerships. Some projects that didn't align with these priorities will be discontinued. The company will now emphasize initiatives like "Made by Apes," CryptoPunks, Meebits, and 10KTF, while the Otherside team will develop new gaming experiences in collaboration with third parties in 2024. Impacted employees will receive generous severance, COBRA coverage, and job placement assistance. An upcoming All Hands meeting will provide more details, as the company remains dedicated to revolutionizing brand-consumer interactions.

Gaming News

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• Mythical Games - the studio behind the NFL Rivals game, which had more than 1 million downloads just dropped Nitro Nation on iOS and Android to reach mainstream gamers.

• Nitro Nation appears to have licensed content with brands like Lotus, Subaru, Aston Martin, Shelby, Volkswagen, Mitsubishi and more.

• Nitro Nation also appears to be backed by one of the largest VC’s in web gaming - Andreessen Horowitz.

Data Feed:

Mythical Games has also dropped Blankos Block Party which partnered with Prime Gaming to drop exclusive digital collectibles or NFTs in game. Mythical Games has become quite the case study for a web3 gaming studio putting out games that can reach mainstream gamers. But time will tell if Nitro Nation will have the same success as NFL Rivals. Mythical Games is a studio to definitely keep on your radar either way.

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