Yuga Labs hires new CTO to expand its gaming push and NFT ecosystem.

  • Yuga Labs has hired the vastly experienced Mike Seavers as its new CTO starting in May
  • The company hopes the new appointment will help it scale up in years to come

 

Yuga Labs, the company behind Bored Ape Yacht Club and Otherside, has hired Mike Seavers as its new Chief Technology Officer (CTO). Seavers has worked with Riot Games and Epic Games, helping with the development of popular games like League of Legends and Fortnite. His appointment follows the recent hiring of Daniel Alegre as the new CEO.

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Seavers will replace the current CTO in May

Seavers will take over as the new Chief Technology Officer at Yuga Labs on May 22. He will replace Kerem Atalay, who will move to an advisory role. Seavers is thrilled to join Yuga Labs and support its vision for the future of the internet. Yuga Labs wants to be a leading platform for Web3, focused on community engagement through media and entertainment.

Yuga Labs is working hard to make its Otherside metaverse game a reality and to expand its gaming presence. The game has been very popular among players, with $322 million traded in the last six months and $1.25 billion worth of trades since last year, according to CryptoSlam.

A recent report by DappRadar showed that Yuga Labs’ NFT ecosystem, consisting of popular collections such as Bored Apes, Mutant Apes, CryptoPunks, Meebits, and Otherdeeds, contributed to almost 35% of all NFT sales volume from October 2022 to March 2023.

Yuga Labs hopes to scale up with the new appointment

It’s believed that Seavers’ appointment will assist Yuga Labs in expanding and achieving its objectives. Alegre stated that Seavers has a history of elevating businesses to new heights and has the same belief as Yuga Labs in the value of digital identity and community for the future of the internet.

Yuga Labs is still important in the NFT market despite expanding into gaming. Their NFT collections make up a big part of the NFT market. Furthermore, ApeCoin, the gaming cryptocurrency they developed, is now worth $1.48 billion and has become very popular.

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