Yuga Labs Bags Gaming Exec as Dominance of NFT Market Continues

2023-4-29 21:36

Yuga Labs, already the leading player in the NFT industry in terms of market share, has added a top gaming executive as its chief technology officer. While the NFT boom is far from over, blockchain gaming did exceptionally well in the first quarter of the year.

The studio behind Bored Ape Yacht Club and Otherside, Yuga Labs, has announced the appointment of Mike Seavers as its new Chief Technology Officer.

Seavers, who has over two decades of experience in technology and product leadership, previously served as Executive Vice President of Development at Epic Games, where he led the development of popular titles such as Fortnite and the Epic Games Store. He also served as chief technology officer of Riot Games, supporting League of Legends, Valorant, and Legends of Runeterra.

A Shift Toward Gaming

Seavers is not a random choice for a company seeking to capitalize on the popularity of gaming. The market is likely to respond to a greater emphasis on utility and playability in the company’s digital assets and a goal of generating more significant interactions.

NFTs are booming, but they have come in for scrutiny for what some see as their one-dimensional nature since their surge in popularity in 2021. In this context, it is hard to ignore the growing importance of metaverse initiatives for fintech innovators.

Yuga’s Otherside metaverse is an important component of its overall strategy. Otherside, an MMORPG based on the Bored Ape collection, is due to launch later this year.

Metaverse ventures have security risks and are not free from their share of scrutiny. As recently as April 12, the metaverse platform MetaPoint fell victim to a nearly $1 million hack. The hacker reportedly misused one of the platform’s smart contracts to steal the funds and then channeled them to Tornado Cash, making recovery difficult if not impossible.

But gaming continues to be highly popular in the blockchain industry with a 44.37% share of unique active wallets. Blockchain gaming has had a positive Q1, with an increase in dominance to 45.60% from 42.87% in Q4 2022.

Yuga Acquires Cryptopunks

Yuga Labs holds a top spot in the NFT industry, with 16 collections representing 34.6% of the entire NFT market. Its trade volume is also substantial, hitting $2 billion over the past two quarters.

Its flagship collection, The Bored Ape Yacht Club, has become synonymous with NFTs themselves in the wider culture. As well as one of the most expensive. (Currently, the floor price sits at 51ETH, or $96,000.)

The Otherside collection is the top-performing metaverse NFT collection. It boasts $322 million in trading volume, an average sale price of $3,112, and 5.52 trades per NFT.

Last month, Yuga Labs added to its roster of blue-chip collections. It acquired the IP for Cryptopunks, one of the oldest and most influential. The terms of the deal were not available as of press time.

The post Yuga Labs Bags Gaming Exec as Dominance of NFT Market Continues appeared first on BeInCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

NFT (NFT) на Currencies.ru

$ 0.1282 (+0.51%)
Объем 24H $0
Изменеия 24h: 4.93 %, 7d: 9.39 %
Cегодня L: $0.1282 - H: $0.1282
Капитализация $0 Rank 3750
Доступно / Всего 0 NFT

nft yuga labs market continues bags dominance

nft yuga → Результатов: 126


Otherdeed NFT Land sells for $1.5 million

The NFT ecosystem was set agog last weekend when Yuga Labs launched its Otherdeeds metaverse product, and now a little over a week after its launch, it has a recording-breaking sale Yuga Labs in the Metaverse Yuga Labs is a company that needs no introduction; as the entity behind the Bored Ape Yacht Club series, […] The post Otherdeed NFT Land sells for $1.5 million appeared first on NFT News Today.

2022-5-11 17:02


$310M in sales for Yuga Labs Otherside

Bored Ape Yacht Club (BAYC) creator, Yuga Labs, broke the internet over the weekend after its hotly anticipated NFT drop raked in over $310 million. More details during this piece The Largest Mint In NFT History Yuga Labs, creators of high-profile NFT Bored Ape Yacht Club (BAYC), minted its first round of Otherdeeds NFT on […] The post $310M in sales for Yuga Labs Otherside appeared first on NFT News Today.

2022-5-3 11:36


Ожидание запуска метавселенной отправило цену NFT Bored Ape Yacht Club на луну

Yuga Labs, компания-создатель популярнейших NFT-коллекции Bored Ape Yacht Club, гoтoвитcя к запуску coбcтвeннoй мeтaвceлeннoй Otherside. В результате цена на уникальные токены из коллекции Bored Ape Yacht Club выросла до небес.

2022-4-29 22:52


Команда Bored Ape Yacht Club раскрыла цену NFT метавселенной Otherside

Компания Yuga Labs отказалась от проведения голландского аукциона на NFT метавселенной Otherside в пользу продажи токенов по фиксированной цене. Разработчики также перенесли запуск проекта на 1 мая 04:00 (МСК/Киев).

2022-4-30 18:17


Токен ApeCoin раздали через airdrop

В среду был представлен криптовалютный токен, ажиотаж вокруг запуска которого только нарастал. Всё потому, что он связан с сообществом NFT Bored Ape. Дебют ApeCoin (APE), подробно описанный в официальном аккаунте Bored Ape Yacht Club (BAYC) в Твиттере, стал первой реализацией планов по развитию создателя Bored Ape Yuga Labs.

2022-3-18 14:23


The first 24 hours of the ApeCoin DAO

If you’re a Bored Ape Yacht Club NFT holder, you may have cause to celebrate because all holders get access to the new ApeCoin DAO (APE) that launched on Wednesday, 16th March 2022. ApeCoin in the age of Decentralization The token launched on Wednesday the 16th, and the folks at Yuga Labs did not create […] The post The first 24 hours of the ApeCoin DAO appeared first on NFT News Today.

2022-3-18 04:18


Объём торгов NFT CryptoPunks рухнул после продажи прав на коллекцию

Объём торгов NFT CryptoPunks рухнул после того, как компания Yuga Labs купила интеллектуальные права на коллекции CryptoPunks и Meebits у фирмы Larva Labs. По данным сервиса CryptoSlam, за последние сутки стоимость проданных CryptoPunks на блокчейне криптовалюты Ethereum (ETH) снизился на 79% до $3,9 млн.

2022-3-14 11:24


Sotheby’s продал набор NFT Bored Ape Yacht Club от Yuga Labs за $24,4 млн

Набор из 107 невзаимозаменяемых токенов (NFT) Bored Ape Yacht Club от Yuga Labs ушел с молотка аукционного дома Sotheby's за $24,4 млн. Финальная цена значительно превысила максимальную оценочную, которая составила $18 млн.

2021-9-9 18:25