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Snap to 'sunset' web3 team in company restructuring

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Snapchat will cut its web3 team as part of its restructuring plan, according to an employee tweet.

Snapchat parent Snap Inc. apparently is nixing its web3 team as a company-wide restructuring plan calls for reducing staff by 20%. Jake Sheinman, one of the founders of Snap’s web3 team, tweeted on Aug.

31 that he would be leaving the company after about four years.
 

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