OpenSea, the prominent NFT marketplace startup, has laid off about half of its staff, the company confirmed to Decrypt on Friday.

A company representative told Decrypt that approximately 50% of employees were impacted across the company. The company would not clarify the number of people affected by the moves.

“Today, we are making significant organizational and operating changes as we focus on building a more nimble—and ultimately better—version of OpenSea,” a spokesperson said. “With these changes, we are better positioned to deliver for the community, shipping high-impact efforts and matching the speed at which this space evolves.”

Devin Finzer, co-founder and CEO of OpenSea, elaborated on the statement in a Twitter thread, highlighting how the company has streamlined its team in an effort to launch a next-generation version of the marketplace.

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Author: Andrew Hayward

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