Opensea Cuts 20% of the NFT Market's Staff, Citing 'Crypto Winter' and 'Macroeconomic Instability' – Bitcoin News

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The largest NFT marketplace by trade volume, Opensea, has announced the company has laid off 20% of its staff.

While many crypto companies have let people go, there are still aavailable in the digital currency and blockchain industry. This past weekend, Binance co-founder Yi He told Fortune that the company still has jobs available. “We currently have more than 2,000 roles open from engineers, product, marketing to business development,” Yi He.

Opensea Executive Says NFT Marketplace Is in a ‘Strong Position to Continue Driving the Space Forward’ Opensea’s Finzer continued to compliment the employees that were leaving on Thursday in his Twitter thread. “The folks leaving us are smart, hardworking, mission-driven individuals who’ve played an immeasurable role in growing OpenSea and the NFT space to where we are today,” the CEO. “We will miss them and they will forever be part of our story and community.

“During this winter, we’ll see an explosion in innovation across the ecosystem,” Finzer remarked. “And with the changes we’ve made, we’re in a strong position to continue driving the space forward.”

 

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Just the mere effects of the nft bubble bursting

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