On April 28, 2023, Yuga Labs, the creator of Bored Ape Yacht Club, CryptoPunks, Meebits, and Otherside, revealed that Mike Seavers would assume the role of Chief Technology Officer (CTO) starting May 22.
Seavers will take over from Kerem Atalay, the present CTO and co-founder, who will continue to contribute to the company as a strategic advisor. This announcement is significant as it showcases Yuga Labs’ commitment to strengthening its leadership team, ensuring the continued growth and success of its innovative Web3 projects.
Seavers´ Extensive Experience
Seavers possesses a wealth of knowledge not only in gaming but also in the development of groundbreaking platforms for various Fortune 500 corporations.
Yuga Labs’ CEO, Daniel Alegre, voiced his trust in Seavers’ capacity to propel the company’s aspirations for digital identity and community engagement forward. Additionally, Alegre believes that Seavers will play a crucial role in facilitating the company’s growth as a Web3 platform within the entertainment industry.
Boasting more than 20 years of expertise, Seavers has established himself as a distinguished leader in technology and product development. Prior to joining Yuga Labs, Seavers served as the Executive Vice President of Development at Epic Games, overseeing the teams responsible for creating Unreal Engine, Fortnite, and the Epic Games Store.
Moreover, Seavers held the position of CTO at Riot Games, where he contributed to the development of popular titles, such as League of Legends, Valorant, and Legends of Runeterra.
Yuga Labs’ Growing Influence
Based in Miami, Yuga Labs holds a prominent position in the Web3 domain, especially in the NFT market.
The company has successfully drawn skilled professionals from leading organizations, such as Google, Twitter, Dune Games WB Gaming, Oculus, Microsoft, Coinbase, and American Express.
In a testament to its success, Yuga Labs secured a $450 million seed funding round in March 2022, resulting in a valuation of $4 billion.
Revolutionizing NFTs and Web3 Ecosystem
Yuga Labs, driven by a creative and visionary approach, seeks to revolutionize the practical applications of NFTs in the real world and expand the horizons of the Web3 ecosystem.
The company has garnered significant attention for acquiring and releasing rights to renowned collections, like CryptoPunks and Meebits, demonstrating its commitment to fostering innovation and collaboration within the NFT space.
Furthermore, the company has broken new ground with its ambitious interactive metaverse initiative, Otherside, which has seen unprecedented levels of synchronized player engagement.