Oh OpenSea, if only you could have held out until this Crypto Winter was over, but alas it wasn’t meant to be. On Friday, November 3, 2023 the company confirmed they would be laying off 50% of their staff. 50%?!?! Wow! I mean, how did it get to the point where they had to lay off 50% of their people? Why didn’t they layoff off 10% or 20% months ago? I mean, it’s not like things just went bad for them? It’s been almost a year since Crypto Winter set in, and even though there has been a rise in the value of the NFT market in the last month that doesn’t mean things are turning around anytime soon.
So join me in pouring out a glass for OpenSea. A good NFT exchange that will soon be a shell of its former self.
