Share this article
Epic Games Alum Mike Seavers Will Join Web3 Giant Yuga Labs as CTO
Mike Seavers will join the home of Bored Ape Yacht Club on May 22.
By Brandy Betz
Updated May 9, 2023, 4:13 a.m. Published Apr 28, 2023, 1:00 p.m.
Make us preferred on Google
Mike Seavers, the former executive vice president of development at Fortnite creator Epic Games, is joining Yuga Labs as chief technology officer, effective on May 22.
The news comes about four months after Yuga Labs announced Activision Blizzard veteran Daniel Alegre as its new CEO.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Miami-based Yuga Labs is a Web3 giant and the home of popular non-fungible token (NFT) collections Bored Ape Yacht Club (BAYC) and CryptoPunks, the Otherside metaverse, and the apeCoin token (APE).
While NFT prices in general felt some pressure during crypto winter, the space continues to attract money and attention, and Yuga Labs stands as one of the most dominant players.
Seavers is stepping into a CTO role that is currently occupied by co-founder Kerem Atalay, who will remain on as a strategic adviser. Prior to joining Epic Games in 2021 Seavers was the CTO at Riot Games, the studio behind League of Legends and Valorant.
“Mike has a proven track record of taking organizations to the next level, and he shares our vision for how important digital identity and community will be for the future of the internet. We have an opportunity to be the Web3 platform at the forefront of entertainment, and Mike’s expertise will help us scale to achieve that,” said Yuga Labs CEO Daniel Alegre in the press release.
Read more: Gucci and Yuga Labs Are Bringing High Fashion to the Otherside
More For You
SportFi’s next act: onchain markets built around match-day results
An area of blockchain-based finance focused on increasing fans' engagement with sports teams, SportFi uses tokens to grant access to privileges such as limited voting rights and exclusive rewards.
What to know:
- SportFi is moving beyond fan polls and merch perks toward token designs that react to live match outcomes via smart contracts.
- The next phase looks less like “loyalty points” and more like a sentiment market with DeFi primitives, like lending, staking and structured products, built around sports assets.
- Longer term, tokenized revenues and minority-equity exposure could turn sports’ illiquid cash flows into on-chain instruments, if regulation allows.
Top Stories
