OpenSea lays off 50% of staff with severance in preparation for version 2.0 launch By Cointelegraph
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Nonfungible token (NFT) marketplace OpenSea announced on Nov. 3 that it was laying off employees. Co-founder and CEO Devin Finzer broke the news on X (formerly Twitter), saying the company was launching OpenSea 2.0 with a smaller team.
OpenSea launched in 2017 when NFTs were an innovation. It operates on a model comparable to eBay (NASDAQ:) and Etsy (NASDAQ:) and accepts payment in Ether (ETH). It laid off 20% of its employees in July 2022, citing the crypto winter, after which it had a staff of 230, according to press reports at the time. A spokesperson at the pioneering marketplace told Cointelegraph by email:
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Nonfungible token (NFT) marketplace OpenSea announced on Nov. 3 that it was laying off employees. Co-founder and CEO Devin Finzer broke the news on X (formerly Twitter), saying the company was launching OpenSea 2.0 with a smaller team.
OpenSea launched in 2017 when NFTs were an innovation. It operates on a model comparable to eBay (NASDAQ:) and Etsy (NASDAQ:) and accepts payment in Ether (ETH). It laid off 20% of its employees in July 2022, citing the crypto winter, after which it had a staff of 230, according to press reports at the time. A spokesperson at the pioneering marketplace told Cointelegraph by email:
Continue Reading on Cointelegraph
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