{"id":24370,"date":"2023-11-04T09:22:42","date_gmt":"2023-11-04T09:22:42","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/50-staff-reductions-at-opensea-as-nft-interest-wanes\/"},"modified":"2023-11-04T09:22:42","modified_gmt":"2023-11-04T09:22:42","slug":"50-staff-reductions-at-opensea-as-nft-interest-wanes","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/50-staff-reductions-at-opensea-as-nft-interest-wanes\/","title":{"rendered":"50% Staff Reductions at OpenSea as NFT Interest Wanes"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>OpenSea, a leading NFT marketplace known for facilitating the trade of digital collectibles like Bored Apes and Pudgy Penguins, has significantly downsized its workforce. CEO Devin Finzer announced on Friday that the company had to make the difficult decision to reduce its staff by half due to the continued slump in the NFT market.<\/p>\n<p>The announcement comes as OpenSea gears up for the launch of its updated platform, OpenSea 2.0, despite a backdrop of declining floor prices for digital art collectibles. This major workforce reduction reflects the broader market\u2019s downturn and the company\u2019s need to streamline operations.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong>5BTC or 111% + 111 Free Spins!<\/strong> <\/p>\n<p>New players only. Exclusive 111% Welcome Bonus + 111 Free Spins<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Finzer conveyed his strategy for moving forward in a message on X, the social platform formerly known as Twitter. He emphasized the goal to \u201cinnovate faster\u201d and promised forthcoming user experiences. The new approach will see a leaner team taking charge, focusing closely on user needs and connections.<\/p>\n<p>Before this current downsizing, OpenSea had already reduced its employee count by 20% in July 2022, as reported by The Information, leaving them with 230 workers. The exact number of staff members prior to this latest cut has not been disclosed.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong>350% or 5BTC + <strong>150 Spins!<\/strong><\/strong> <\/p>\n<p>New players only. Exclusive Welcome Bonus of 350% + 150 Free Spins <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Details on what OpenSea 2.0 will entail and when it will be released remain under wraps. Finzer has not yet revealed specific information on new features or services the revamped marketplace will offer.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/opensea-scales-down-amid-nft-market-dip-and-cuts-50-of-its-staff\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) OpenSea, a leading NFT marketplace known for facilitating the trade of digital collectibles like Bored Apes and Pudgy Penguins, has significantly downsized its workforce. CEO Devin Finzer announced on Friday that the company had to make the difficult decision to reduce its staff by half due [&hellip;]<\/p>\n","protected":false},"author":34,"featured_media":24371,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/24370"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=24370"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/24370\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/24371"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=24370"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=24370"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=24370"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}