Top NFT Marketplace OpenSea Fires 20 Percent of Its Employees

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'The reality is that we have entered an unprecedented combination of crypto winter and broad macroeconomic instability.'

about $700 million in sales, which was a far cry from the previous month's $2.6 billion — and as per Finzer's note, it doesn't look like things will get better anytime soon.

Still, the OpenSea leadership seems to be as optimistic and faithful as ever about the future of Web3. Just a bump in the road, right? "With the hard changes we made today, we're in an even better position to capture what will soon become the largest market on the planet," Finzer's message to his team concluded, complete with the slightly menacing promise that "winter is our time to build."

 

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