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While many companies and new platforms have achieved huge growth rates with the rise of the cryptocurrency industry, some of them have had to downsize or even close
While many companies and new platforms have achieved huge growth rates with the rise of the cryptocurrency industry, some of them have had to downsize or even close with the recent recession in the industry. The last of these organizations is one of the largest NFT platforms. open sea it happened.
OpenSea co-founder and CEO Devin Finzer made a statement on his social media account as of today. 20% of its employees were laid off explained. Although Finzer did not explain how many employees this ratio corresponds to, the number of employees at the company was not clearly known. But an OpenSea spokesperson said the company 230 employees stay at work explained.
“We have entered an unprecedented combination of crypto winter and broad macroeconomic stability, and we must prepare the company for the possibility of a prolonged downturn. The changes we are making today allow us to stay on a multi-year podium under different crypto winter scenarios (5 years at current volume), giving us confidence that we only have to go through this process once.
One of the names doing business in the cryptocurrency industry was Coinbase. Coinbase, one of the most popular cryptocurrency exchanges, last month 1,100 employees he was fired. Crypto.com and BlockFi . respectively 260 and 170 employees he was fired.
Source: Web Tekno
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