A work protection plan – The number of layoffs in cryptocurrencies, activity continues to increase while it lasts bear market. Not a week goes by without a new announcement, and today it is Dapper Labs that he has to part with some of his employees. This NFT giant is bearing the brunt of very unfavorable economic conditions, as well as its popular games, such as NBA high shot, cannot compensate. Let’s take stock of the latest information.
Dapper Labs is reluctantly reducing its staff …
The founder and CEO of Dapper Labs, Roham Gharegozlouhe required to communicate himself with his staff regarding the renovation going on in his teams. Already in the North American microcosm there were many rumors about layoffs among the creators of the CryptoKitties. And in the end, all of this was confirmed. From Vancouver, the company’s headquarters, the CEO wanted to clarify some points in a letter sent to his staff:
“We know Web3 and cryptocurrencies are the future in a multitude of industries (…), but the current macro environment means we don’t have full control over timing. These staff reductions are the last thing we want to do, but they are necessary for the long-term health of our business and communities. “
The number of people affected by the renovations was not officially given, but knowing that this is 22% of the staff and that Dapper Labs had announced 613 employees, recently this gives approx 134 people on the tile.
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… in the midst of an NFT and crypto market that has been sluggish for months
These layoffs come as trading volumes of NFT to have it fell by about 90% in one year, according to various on-chain data specialists. And inevitably, Dapper Labs suffers like other industry specialists. Especially since the company generates the vast majority of its revenue from its world-renowned NFT collections, such as NBA high shot And CryptoKitties.
Roham Gharegozlou however, it tried to reassure its staff, observers and investors with positive statements about the future:
“We are builders with a more important mission than ever. Putting a Web3 wallet in every pocket is how we will enable the next billion users and the creators who serve them to control their digital worlds. “
Difficult exercise for these companies in the Web3 rather than go through this winter crypto having reached such heights just a year ago. The massive influx of new money has allowed them to hire staff and start a multitude of projects that are now largely on hold. We also thought the industry giants would be safe from such misadventures, but we also learn that Meta has to separate from some of its employees.
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