Yuga Labs Appoints Mike Seavers as New CTO

Yuga Labs, creators of Bored Ape Yacht Club and Otherside, are making moves to establish themselves as a major player in the gaming industry. To demonstrate this, the company recently hired industry veteran Mike Sievers as its new Chief Technology Officer. Seavers, who previously worked at Riot Games and Epic Games, is set to begin his new role on May 22nd.

Sievers’ appointment is just the latest in a string of strategic hiring. Yuga LabFour months ago, the company hired former Activision president and COO Daniel Alegre as its new CEO. The company is also making headlines with its NFT collection, which by market capitalization constitutes a sizeable portion of the overall NFT ecosystem.

Yuga’s upcoming Otherside Metaverse is a key part of the company’s foray into gaming. Called a social MMORPG, players can embark on quests and immerse themselves in a 3D world.

Yuga Labs has moved into gaming, but its NFT collection is still an important part of their 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 his total NFT sales volume from October 2022 to March 2023. occupies

What Seavers Brings to Yuga Labs

Seavers’ experience at Riot Games and Epic Games will be invaluable in helping Yuga achieve his gaming ambitions. At Riot, Seavers worked on his hit titles such as League of Legends, Legends of Runeterra, and Valorant. He then moved to Epic Games, where he oversaw product development for the company’s platform and Fortnite engineering.

The appointment of Seavers as CTO clearly demonstrates that Yuga Labs is serious about solidifying its position as a major player in the gaming industry. His NFT collection has already made a big impact and Otherside is poised to be the next big hit. With Seavers at the forefront, Yuga Labs aims to remain a trendsetter in the rapid growth of Web3.

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