Non-fungible token marketplace OpenSea said on Thursday it would cut about 20 per cent of its workforce to reduce costs in the face a prolonged slump in digital asset markets.
NFTs are digital assets that exist on a blockchain and include everything from artwork to text and tweets. But the NFT has market slumped in recent months, as cryptocurrency prices collapsed and investors ditched risky assets.
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Future of crypto in Singapore uncertain after collapse of 3AC - The Independent Singapore NewsThe company, Three Arrows Capital Pte Ltd (3AC) is headed for bankruptcy and is unable to pay its creditors. Its founders have gone missing, and their whereabouts are “currently unknown.”
Source: IndependentSG - 🏆 9. / 63 Read more »
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