Yuga Labs, the company behind Bored Ape Yacht Club and Otherside, has hired Mike Seavers as its new Chief Technology Officer (CTO). This makes Yuga Labs even more of a rising unicorn business.
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After Daniel Alegre, the former President and COO of Activision, was named Yuga Labs' new CEO, this was a smart move. Yuga Labs hopes to make the most of the growing potential of Web3 technology by adding these key people to its leadership team. Yuga Labs also made itself a major player in the metaverse and NFT environment.
Mike Seavers has worked at Riot Games and Epic Games in the past, so he has a lot of knowledge. Seavers helped support hit games like League of Legends, Legends of Runeterra, and Valorant when he was the CTO at Riot Games.
Later, as the EVP of Development at Epic Games, he was in charge of product development across all of Epic's platforms and the Fortnite tech team. Seavers is a useful asset to Yuga Labs because of his knowledge and track record of taking organizations to the next level.
Embracing the Web3 Revolution
Seavers is excited to join Yuga Labs and be a part of the Web3 change, he says in his statement. He knows that Web3 technology has the power to change things. Also, it has the power to start a new era of the Internet that will be good for the whole world. Seavers' interest in digital identity and community goes hand in hand with what Yuga Labs wants to do. It wants to become a Web3 platform that is at the forefront of community and social interaction.
Seavers said in a statement, "There have been few times in my career when I felt like a new technology was really changing the way the world works." "Web3 is one of those times," she said. Also, I couldn't be happier to join Yuga Labs and help bring in a new age of the internet that will make the world a better place.
Yuga Labs' Gaming Ambitions
Seavers's new job as CTO shows that Yuga Labs is paying more attention to games and the upcoming Otherside metaverse game. Otherside is a social MMORPG that offers players a 3D world where they can go on quests and interact with a lively community. Yuga Labs wants to prove the skepticism about the metaverse hype wrong by making a game that is really compelling.
"Mike has a track record of taking groups to the next level. "He agrees with us that digital identity is an important part of the internet," Alegre said in a statement. "We have a chance to be the Web3 platform that puts community first. Also, use media and entertainment to connect with other people. Also, Mike's skills will help us scale to reach that goal."
Yuga Labs Dominating the NFT Ecosystem
Even though Yuga Labs is making more games, it's important to note that its NFT sets still have a big impact on the market. A new DappRadar report says that Bored Apes, Mutant Apes, CryptoPunks, Meebits, and Otherdeeds are all part of Yuga's NFT ecosystem. Also, from October 2022 to March 2023, they were responsible for almost 35% of all NFT sales. The popularity of Yuga Labs's Otherside game makes it even more likely that it will be the most successful "metaverse" NFT collection to date. ApeCoin, a popular cryptocurrency linked to gaming, has a market cap of $1.48 billion and a large number of trades.
The Otherside
Otherside is a metaverse platform made by Yuga Labs. It uses blockchain technology to make realistic virtual worlds. Users can use their own avatars to freely explore and communicate with a non-linear structure. Otherside is all about digital communities and ownership. Users can own and create virtual plots of land, which makes it easier for people to work together and do business. ApeCoin is the platform's native currency, which lets people buy and sell things and take part in the business of the metaverse. Otherside makes a strong economy where users can get value from their virtual works by using blockchain, digital ownership, and ApeCoin. Otherside is a potential platform in the landscape of the metaverse. It offers immersive, decentralized experiences that focus on community, ownership, and interactive connections.
By hiring Mike Seavers as Chief Technology Officer (CTO), Yuga Labs shows that it is committed to technological progress and making great games. The company's strategic leadership hires and the fact that it is the biggest player in the NFT ecosystem put it in a good situation to keep doing well and grow in the Web3 landscape. As Yuga Labs pushes the limits of what's possible in the metaverse and gaming worlds, the future looks bright for this visionary company and its plan to change the internet for the better.
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