Dapper Labs Lays off 51 as NFT Market Stays Chilly

1 year ago

Dapper Labs CEO Roham Gharegozlou confirmedNon-Fungible connected Twitter Thursday greeting Asia clip that the institution has laid disconnected 51 unit amidst a prolonged crypto wintertime successful the Non Fungible Tokens (NFT) market.

This is the 3rd circular of layoffs the institution has gone done successful the past 12 months. In February, it announced it was laying disconnected 20% of its staff, portion successful November, it cut 22% of its headcount.

“With this restructure we person made the concern much lead, which is going to fto america bash the close happening for our fans and turn our communities successful the astir steadfast ways possible,” Gharegozlou tweeted.

The NFT marketplace continues to conflict and has not seen the aforesaid post-FTX betterment arsenic different parts of the crypto economy. As CoinDesk antecedently reported, sales measurement and users connected NFT marketplaces proceed to diminution portion trading measurement is struggling.

Bored Apes, not made by Dapper Labs but a bluish spot NFT postulation that beryllium utilized arsenic a proxy for marketplace health, person seen the worth of immoderate of their Apes drop by upwards of 80%.

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