One of the biggest names in the Non Fungible Token industry is dramatically reducing its headcount as the crypto bear market continues to take a toll on Web3 companies., announced today that it is laying off 22% of its staff, citing the"macroeconomic environment."
"These reductions are the last thing we want to do, but they are necessary for the long-term health of our business and communities.
"The refocusing of our organization will let us achieve every milestone sustainably: web3-native, mobile-first, and community-driven," Gharegozlou wrote. At the same time, on-chain data shows that market interest in Dapper Labs' products is declining, following a broader trend of investors shying away from NFTs., October sales volume came in at $2.6 million, down from $40.8 million during the same time last year. During the height of NFT mania, the NBA Top Shot marketplace generated $224 million worth of NFT trades in February 2021 across 80,822 unique buyers and 1.2 million transactions.
Dapper Labs' layoffs are just the latest in a wide range of headcount reductions across the industry. In recent weeks firms like
dapperlabs thesamreynolds The Boxer Entertainment Group wishes you every success during the World Cup! bsc：0x372e5f4cb6668a2c7a655a6325a483e3a73c8ba9
dapperlabs thesamreynolds Theyyy don’t want you to know thisss!!!
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: TheBlock__ - 🏆 464. / 53 Read more »