OpenSea is one of the most popular NFT trading sites in the world. It was valued at $13 billion at its peak about a year or two ago. However, now with the change in the market, OpenSea is also seen to be affected.
Most recently, OpenSea announced that it has reduced 50% of its workforce. This comes in addition to the 20% of workers who were laid off about a year ago.
In addition to reducing this workforce, OpenSea stated that they will develop a new version of OpenSea - which will bring updates to the product, including in terms of technology used, quality, experience and so on. In addition, with a smaller workforce, OpenSea will take a horizontal organizational form to make various operations and decisions faster – allowing them to move even faster.
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BUSINESS & MONEY