Jakarta, CNBC Indonesia – Non Fungible Token (NFT) platform OpenSea has reportedly cut its number of employees in half. This platform is certainly familiar to people who know Ghozali, who suddenly became rich because of his NFT selfie photos.
The NFT market giant has confirmed the news of staff layoffs. However, they will not specify the exact number of employees affected by this policy. Meanwhile, the number of OpenSea employees is currently estimated at 115 people.
“We are currently making significant organizational and operational changes as we focus on building an agile and better version of OpenSea,” said an OpenSea spokesperson, quoted from Decrypt, Sunday (12/11/2023).
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One of the founders of OpenSea Devin Finzer also spoke about the layoffs. He said the company carried out layoffs to launch the company in the next generation version or OpenSea 2.0.
According to him, his party does not want to just be a follower rather than a leader in the market. Opensea 2.0 is promised to have major improvements to the product.
Photo: IST
Screenshot marketplace NFT Opensea
“We want to move with speed, quality and confidence to make more meaningful bets,” he explained.
Those affected by layoffs will be given severance pay for four months. Apart from that, they also get health and mental health services within six months, as well as faster equity provision.
In July 2022, OpenSea also cut 57 employees. At that time, the company reasoned that it was in order to cut costs amidst the decline in digital asset transactions.
The NFT market has started to lose its popularity since the middle of last year. Since then, the market has become increasingly quiet along with the decline in prices of crypto assets on the market.
At that time, it also coincided with economic problems ranging from high inflation, the threat of recession and high interest rates. This problem makes investors more careful about spending their funds on risky assets.
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