With non-fungible token sales a lot lower than they were at the start of the year, NFT companies and marketplaces are feeling the pain associated with the second-largest crypto winter to date. According to a report published on Monday and “multiple people familiar with the situation,” the NFT company Candy Digital is laying off over a third of the firm’s staff.
After Raising $100 Million in 2021, Report Says Candy Digital Cuts a Third of Its Employees a Year Laterthat the NFT firm Candy Digital “is laying off a large chunk of its workforce, according to multiple people familiar with the decision.” Sportico’s article notes that roughly one-third of Candy Digital’s 100 staff members are being let go, the people familiar with the matter detailed.
Candy Digital is a Fanatics-backed NFT marketplace that’s also bolstered by Galaxy Digital’s Michael Novogratz, and the business entrepreneur and NFT creator Gary Vaynerchuk. Candy Digital launched in June 2021 and at the time the companySportico details that the publication’s news team reached out to both Candy Digital and the collectibles giant Fanatics, but both firms declined to comment about the alleged layoffs.
The cryptowinter just won't stop with the destruction. I hope people that were cut will be able to find jobs
$ort
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How comee theyy don’t teachh us this in schoool?
Why ain’t no onee talkinngg aboutt this? ……
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Ain’t youu surprised to see no onee is talkinng about this
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