Can NFTs Weather the Crypto Winter Amid OpenSea Layoffs?

About 1 in 5 employees at OpenSea have been laid off, according to CEO Devin Finzer. In total, the company cut 20% of its workforce.

Finzer posted a screenshot of a slack message, where he discussed the future of OpenSea, saying the company has “been through winter before” and that the company was built with that type of crypto cyclicality in mind.

Finzer wrote he believes the crypto environment will force the NFT community to innovate and find more utility for NFTs. This is a sentiment that popular NFT artist Beeple has backed up. Back in the beginning of July, Beeple tweeted that the quality of the NFTs being made now matters more than it used to.

Source link

What do you think?

Written by Bitcoin

Is Samantha keeping herself away from social media? | Telugu Movie News

Rattled and uncertain of its future, the social media giant stumbles on- The New Indian Express