OpenSea, which provides a marketplace service for NFTs, laid off half of its employees as part of the company’s restructuring.
OpenSea fired half of its staff as part of an internal overhaul. OpenSea CEO Devin Finzer made a statement on his social media account: in sharingthe company “OpenSea 2.0He included his new plans with the vision of “
Finzer stated that he wants to take important steps forward by strengthening the company’s vision, and that OpenSea product technology, its reliability, speed, the quality And user experience He stated that they will focus on improvement.
In addition, he said that the dismissed personnel will be given four months of severance pay. OpenSea market share according to data from The Block October 2022From its 73% share in 3 November 2023‘also to 18% fell.
The CEO stated that OpenSea was losing market share and user trust. With the innovative structure of OpenSea 2.0 He emphasized that they aim to solve:
In line with our new plans, we want to create a smaller team with direct contact with users. So today we say goodbye to some of our OpenSea teammates. He received comments from users that OpenSea was in the role of a follower rather than a leader in the NFT market. And we don’t want to be like that. We want to act with speed, quality and conviction to make more meaningful bets. We’re making these changes with our community in mind. As we rebuild, we will continue to support our existing products and iteratively test OpenSea 2.0 publicly.