Giant NFT marketplace OpenSea lays off about 20 percent of its staff
by Richard Lawler from The Verge - All Posts on (#61E2S)
Illustration by Alex Castro / The Verge OpenSea co-founder and CEO Devin Finzer revealed this afternoon that the NFT marketplace is laying off about 20 percent of its employees. Finzer did not indicate how many people that represented. A Forbes article in January celebrating Finzer and his co-founder Alex Atallah's $2.2 billion net worth (each) said the company employed more than 70 people, but an OpenSea spokesperson tells The Verge that 230 people will remain with the company.
When we profiled OpenSea in February, the company had just received an additional $300 million in funding with a valuation of $13.3 billion and was the dominant player in selling the tokens, earning a 2.5 percent commission on trades.
Still, a sustained drop in activity and prices has led to headlines...