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'OpenSea 2.0' starts with mass layoffs as the NFT balloon deflates. - Vimarsana News

'OpenSea 2.0' starts with mass layoffs as the NFT balloon deflates.

CEO Devin Finzer says OpenSea is “shifting to a smaller team with a direct connection to users.” Decrypt reports about 50 percent of employees are impacted. When it laid off 20 percent of its employees last year, around 230 people remained. This chart shows OpenSea activity peaked with over 50,000 active wallets (around the time it was valued at $13 billion) and $140 million in daily volume, which has dropped to fewer than 8,000 active wallets and $2.3 million in volume.

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OpenSea Lays Off 20% of Its Employees, CEO Devin Finzer Calls It 'Sad and Difficult Decision' - Vimarsana News

OpenSea Lays Off 20% of Its Employees, CEO Devin Finzer Calls It 'Sad and Difficult Decision'

Leading non-fungible token (NFT) marketplace OpenSea's co-founder and CEO Devin Finzer announced that the platform is laying off about 20 per cent of its total employees. OpenSea Lays Off 20% of Its Employees, CEO Devin Finzer Calls It ‘Sad and Difficult Decision’.