Leading non-fungible token (NFT) marketplace OpenSea's co-founder and CEO Devin Finzer announced that the platform is laying off about 20 per cent of its total employees. On the microblogging site Twitter, the CEO shared a note that said "today is a hard day for OpenSea, as we are letting go of 20 per cent of our team".
"We made an incredibly sad and difficult decision to reduce the size of our team by -- 20 per cent, and today we're saying goodbye to many of our friends and team members across opensea," the note, shared with employees before being revealed on the microblogging site, reads.
"Each of the people leaving has played a critical role in OpenSea's journey. They have supported our users, championed our mission, and worked intensely to build the foundations of the NFT space," it added.
NFT marketplace Opensea has announced that it is laying off 20% of its staff. This comes as NFT trading volume fell to $646.6 million in June, down more than 65% from May.
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