Yuga Labs hires former Epic Games exec as its new CTO

Yuga Labs web3 company announced on Friday, April 28, that it has appointed a new chief technology officer. It said it hired Mike Seavers, a former executive at Epic Games, for the role.

As per CoinDesk, Seavers is set to officially join Yuga Labs, which is home to Bored Ape Yacht Club (BAYC), apeCoin (APE), and CryptPunks, on May 22. It was revealed that while at Epic Games, he served as its executive vice president for development.

The news of Seavers' move to Yuga Labs comes just four months after the company named Activision Blizzard's former president and chief operating officer, Daniel Alegre, as its new chief executive officer. In any case, despite the crypto winter that has already sent a number of crypto companies into bankruptcy, Yuga Labs is one of those that have survived and prospered well in the business. In fact, it is one of the leading players in the crypto and web3 market today.

Now, with Seavers joining Yuga Labs, he will replace Kerem Atalay, who is also YL's co-founder. The outgoing CTO will remain in the company as a strategic adviser.

"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," Yuga Labs chief, Daniel Alegre, said in a press release. "We have an opportunity to be the web3 platform at the forefront of community and social engagement, through media and entertainment, and Mike's expertise will help us scale to achieve that."

Seavers also said, "There have been rare moments over my career where I felt like a new technology was creating a true paradigm shift for the world and I recognize that web3 is one of those moments, and I am absolutely thrilled to join Yuga Labs to help usher in a new era of the internet that impacts the world for the better."