Yuga Labs, the drive behind the massively profitable Bored Ape Yacht Membership, has introduced the appointment of Mike Seavers as their new Chief Expertise Officer, efficient Could twenty second.
Seavers, the previous Executive Vice President of Growth at Epic Games, will take over the CTO position from co-founder Kerem Atalay, who will stay a strategic adviser.
A Confirmed Expertise and Product Chief
Seavers boasts greater than twenty years of expertise as a know-how and product chief. Throughout his tenure at Epic Games, he headed the event groups liable for creating Unreal Engine, Fortnite, and the Epic Games Retailer, amongst others.
Earlier than becoming a member of Epic Games in 2021, he held the CTO place at Riot Games, the place he supported the event of standard video games corresponding to League of Legends, Valorant, and Legends of Runeterra.
Yuga Labs CEO Daniel Alegre expressed his pleasure in a press launch, stating, “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.”
Seavers shares the corporate’s enthusiasm for the potential of Web3 know-how, saying, “There have been rare moments over my career where I felt like a new technology was creating a true paradigm shift for the world. 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.”
Yuga Labs’ Market Dominance and Latest Authorized Victory
Yuga Labs has emerged as a dominant participant within the NFT Area. In keeping with a latest DappRadar report, the corporate accounted for practically 35% of all NFT buying and selling quantity over six months from October 2022 via March 2023.
That is a formidable feat, contemplating the stress NFT costs have confronted throughout crypto winter.
Along with their market dominance, Yuga Labs has just lately gained a authorized battle in Los Angeles, the place a choose dominated that an artist’s copies of their NFTs don’t qualify as protected speech beneath the U.S. Structure.
The court docket granted Yuga’s NFTs trademark safety. It decided that the copies made by conceptual artist Ryder Ripps and his enterprise accomplice Jeremy Cahen infringed on the corporate’s rights and weren’t protected by the First Modification.
Ripps had claimed that his copies have been meant to criticize the corporate’s alleged racist and anti-Semitic symbolism.
