Metaplex Layoffs Employees Over FTX Collapse

Solana-based NFT protocol Metaplex is laying off employees due to the “indirect effects” of the FTX collapse.

According to the statements of Metaplex CEO Stephen Hess, the bankruptcy of the cryptocurrency exchange FTX did not affect his treasury. However, the company still decided to lay off its employees.

Metaplex users can use the protocol to generate NFTs and organize airdrops. According to Hess’s statements, the company, after the collapse of FTX to change the focus started.

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