NFT-platform OpenSea cut staff in anticipation of a long “crypto winter”

According to the founder of the site, in this way the company began to prepare for a protracted crypto winter, which could last five years.

NFT platform OpenSea is cutting about 20% of its workforce, CEO Devin Finser said on social media. According to him, these changes will help to better prepare the site for various scenarios of the “crypto winter”, which can drag on for 5 years.

The announcement says the laid-off employees will be provided with severance pay, employment support and health insurance for 2023. The company’s CEO expressed confidence that such cuts would not be repeated in the future.

The head of the largest NFT platform, which has been operating since 2017, noted that the current market is facing “an unprecedented combination of crypto winter and macroeconomic instability.” At the same time, Finser believes that the NFT space will see a lot of innovation and that it will become one of the largest markets on the planet.

Not so long ago, Alex Atallah (on the left) left the open sea. Alex was the second guy founding the project.

 

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