NFT marketplace Opensea will fire 20% of employees

The largest NFT marketplace OpensEA will reduce 20% of the staff, the co-founder and CEO of Devin Finzer CEO in a letter to the team.

He explained mass dismissals with “an unprecedented combination of cryptosim and extensive macroeconomic instability”.

“We need to prepare the company for a possible long decline,” Finzer noted.

According to him, the changes made will allow the platform to continue activities with various negative scenarios “up to five years with current volumes of trading”.

“Dismissal reflects the serious condition of the crypto market, the total value of which has decreased by more than two -thirds compared to last year’s peak. The fact that Opensea, the world’s largest NFT marketplace, reduced jobs, gives a clear understanding that no company is protected from the pressure of the so-called cryptosima, ”Finzer added.

Earlier, a number of crypto industry participants, including Gemini, Coinbase, Crypto.COM, BLOCKFI, BITMEX, BITPANDA and Compass Mining.

CEO BINANCE Exchange Chanpen Zhao, on the contrary, called Cryptosim the right time for hiring new employees https://gagarin.news/ru/news/what-are-crypto-games-and-how-to-earn-on-them/ . The plans to hire more than three hundred experts were announced by the head of Kucoin Johnny Liu.

Recall that in June, Forbes included Opensea in the rating of the most innovative private companies in the field of financial technologies of 2022.

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