Yuga Labs appoints Mike Seavers as new CTO

Yuga Labs, creator of Bored Ape Yacht Club and Otherside, has taken steps to establish itself as a major player in the gaming industry. To demonstrate this, the company recently hired Mike Seavers, a seasoned industry veteran, as its new Chief Technology Officer. Seavers, who previously worked for Riot Games and Epic Games, will begin his new role on May 22.

Seavers’ appointment is just the latest in a series of strategic hires by Yuga Labs. Four months ago, the company hired former Activision president and COO Daniel Alegre as its new CEO. The company has also made headlines with its NFT collections, which make up a significant portion of the overall NFT ecosystem by market capitalization.

Yuga’s upcoming Otherside Metaverse is a key part of the company’s gaming efforts. Described as a social MMORPG, it allows players to embark on quests and immerse themselves in a 3D world.

While Yuga Labs is expanding into gaming, the NFT collections remain a significant part of the business. According to a recent report by DappRadar, Yuga’s NFT ecosystem, which includes Bored Apes, Mutant Apes, CryptoPunks, Meebits and Otherdeeds, accounted for nearly 35% of all NFT sales volume from October 2022 to March 2023.

What Seavers’ brings to Yuga Labs

Seavers’ experience at Riot Games and Epic Games will be invaluable in helping Yuga achieve its gaming ambitions. At Riot, Seavers worked on hit titles such as League of Legends, Legends of Runeterra and Valorant. He then moved on to Epic Games, overseeing product development across the company’s platforms and Fortnite’s engineering team.

Seavers’ appointment as CTO clearly signals that Yuga Labs is serious about consolidating itself as a major player in the gaming industry. The NFT collections have already made a huge impact and Otherside is poised to be the next big hit. With Seavers at the helm, Yuga Labs aims to continue to be a trendsetter in the rapidly growing Web3.

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*All investment/financial opinions expressed by NFT Plazas are from personal research and experience of our site moderators and are intended as educational material only. Individuals are required to research all products before making any type of investment.