NFT startup SuperRare has started taking drastic measures to stay in business in the longer crypto future, handing out pink slips to some of its workforce.
According to the content of the image shared on Twitter recently, Chief Executive Officer John Crain said that he now has full ownership of the non-fungible token market and one of his first actions is to “size” the company’s team.
With that said, SuperRare should farewell to 30% of employees although Crain’s was quick to clarify that the decision was merely a corrective measure to hire employees who are now beginning to affect their day-to-day operations.
Still, speculation is rife as some believe this could still be part of the winter deluge that has hit the digital asset industry.
Steering the NFT Market in the Right Direction
When he considered the full ownership of SuperRare, which completed a Series-A fundraising of $ 9 million led by Velvet Sea Ventures and confirmed 1 in March 2021, Crain has shown some plans to ensure that the company will still be a destination for the best cryptoart. in the world.
The CEO said that various aspects of startups such as Web3, NFT items, DeFi and finance require game-changing reforms and innovations.
That needs to be a SuperRare start the journey to create a transparent and fair global digital art renaissance accessible to anyone from anywhere in the world.
Speaking of optimism amid these challenging times for the crypto market, Crain’s said:
“When the global economy is uncertain, our mission to build the foundation for a new peer-to-peer economy is more important and important than ever. Winter is the time to build.
Meanwhile, the NFT market – which has received donations from Hollywood celebrities Ashton Kutcher, Marc Benioff and billionaire Mark Cuban – has yet to release the exact amount that will be removed from the umbrella of special team members.
Crypto total market cap at $784 billion on the weekend chart | Chart: TradingView.com
SuperRare Joins the Lay-Off Party
At the beginning of 2022, Devin Finzer, CEO and co-founder of the SuperRare NFT market, OpenSea, announced that he had been put in the position he needed. to lay off 20% of employees.
Cryptocurrency-focused companies, such as Huobi, are also in the same boat as corporate advisor Justin Sun announced plans to cut his own workforce by 20%.
Silvegate, a crypto-specialized bank, also has no choice but to goodbye 200 workerswhich accounts for 40% of the total workforce, after the events that led to the collapse of the crypto exchange FTX.
-Featured image: SuperRare