open seathe largest marketplace dedicated to NFT trading, has announced a new plan for: laid off. The company leaves 20% of its staff at home.
The CEO of OpenSea announced the staff reduction, explaining that the company must protect itself from what is an “unprecedented adverse combination”. On the one hand, the so-called crypto winterthe winter of cryptocurrencies, a period characterized by low prices and an overall decrease in transaction volume, on the other hand – unlike what happened in 2017 – the problems do not even relate exclusively to cryptocurrencies, as the risk of a recession weighs on the entire world economy.
In May, an investigation by the Wall Street Journal marked the moment of serious trouble for the… NFT market. After the extraordinary success recorded in early 2021, the craze for NFTs has gradually abated. A trend that we have already seen in other highly speculative markets, but which has taken on even more pronounced characteristics in the case of NFTs.
Average daily sales of NFTs have plummeted, registering an average of 225,000 in September, dropping 19,000 in May. A vertical drop of 92% Not only that, the active wallets in the sector have also fallen. Regarding Ethereum, there were 199,000 digital wallets active in NFT sales in 2021, today there are only 14,000.
Source: Lega Nerd
