Yuga Labs, the company behind large non-fungible token (NFT) collections like BAYC, has hired Mike Seavers as CTO. Seavers, who has worked for companies such as Epic Games and Riot Games, is joining Yuga Labs to contribute to the Web3 ecosystem. This hiring comes a few months after the arrival of Daniel Alegre (Activsion Blizzard) as CEO of Yuga Labs.
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Yuga Labs continues to recruit great talent
Yuga Labsthe company behind the largest collections of non-fungible tokens (NFTs) such as Bored Ape Yacht Club (BAYC) or CryptoPunks, hired Mike Seavers as chief technical officer (CTO).
Seavers has extensive experience in the world of technology, having notably served as executive vice president of development at Epic Gamesthe company behind the Fortnite video game or the Unreal Engine video game engine.
Previously, he also held the role of technical director at Riot Gamesthe firm behind the successful MOBA League of Legends, the FPS Valorant or the online card game Legends of Runeterra.
This news comes only a few months after Daniel Alegre, former President and COO of Activision Blizzard, has joined Yuga Labs to position himself there as CEO. The person concerned, whose CV is also embellished with key roles at giants such as Google or Bertelsmann, had then expressed his interest in Web3, which according to him offered ” the opportunity to reinvent the way content is used, traded and owned around the world “.
Mike Seavers supported Daniel Alegre’s remarks, talking about the “new era” offered by the Web3 :
“During my career, there have been rare moments when I felt like a new technology was creating a real paradigm shift for the world. I recognize that Web3 is one of those times, and I’m absolutely thrilled to join Yuga Labs to help usher in a new era of the internet that will have a positive impact on the world. »
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Link Web3 and real world
At the forefront of the NFT ecosystem since the launch of BAYC, Yuga Labs took the opportunity to reiterate its desire to “reinventing” what an NFT currently looks like to create new value propositions and drive the entire Web3 ecosystem forward.
Although we don’t know which vertical Yuga Labs’ new CTO will be working on next, the company seems to focus on Othersideits metaverse which recently offered a partnership with the luxury house Gucci.
Proof of its success, the Yuga Labs ecosystem has generated 35% of all NFT volumes traded from October 2022 to March 2023. Indeed, following its acquisition of the NFT CryptoPunks and Meebits collections last year, Yuga Labs now sits serenely as the leader of the NFT ecosystem.
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Source: Press Release, DappRadar
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Passionate about the world of decentralized finance and the novelties brought by Web 3.0, I write articles for Cryptoast to help make blockchain more accessible to everyone. Convinced that cryptocurrencies will change the future very soon.
Maximilien Prue
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