Yuga Labs Appoints Mike Seavers as New CTO

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Yuga Labs, the creator of Bored Ape Yacht Membership and Otherside, has been making strikes to determine itself as a serious participant within the gaming trade. To exhibit this, the corporate not too long ago employed Mike Seavers, a seasoned trade veteran, as its new Chief Know-how Officer. Seavers, who has beforehand labored for Riot Video games and Epic Video games, is about to start his new position on Might 22.

Seavers’ appointment is simply the most recent in a collection of strategic hires by Yuga Labs. 4 months in the past, the corporate employed former Activision President and COO Daniel Alegre as its new CEO. The corporate has additionally been making headlines with its NFT collections, which comprise a good portion of the full NFT ecosystem by market cap.

Yuga’s upcoming Otherside Metaverse is a key a part of the corporate’s push into gaming. Described as a social MMORPG, it permits gamers to embark on quests and immerse themselves in a 3D world.

Whereas Yuga Labs is increasing into gaming, its NFT collections stay a major a part of its enterprise. Based on a current report by DappRadar, Yuga’s NFT ecosystem, which incorporates Bored Apes, Mutant Apes, CryptoPunks, Meebits, and Otherdeeds, accounted for almost 35% of all NFT gross sales quantity from October 2022 to March 2023.

What Seavers’ Brings to Yuga Labs

Seavers’ expertise at Riot Video games and Epic Video games can be invaluable in serving to Yuga to realize its gaming ambitions. At Riot, Seavers labored on hit titles like League of Legends, Legends of Runeterra, and Valorant. He then moved on to Epic Video games, overseeing product improvement throughout the corporate’s platforms and Fortnite’s engineering workforce.

Seavers’ appointment as CTO clearly indicators that Yuga Labs is critical about consolidating itself as a serious participant within the gaming trade. Its NFT collections have already made a big impact, and Otherside is poised to be the following massive hit. With Seavers main the cost, Yuga Labs will goal to proceed to be a trendsetter within the quick rising of Web3.

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