OpenSea, a marketplace for non-fungible tokens , has cut 20 percent of its staff to save money as digital asset markets have been down for a long time. The New York-based company announced this on Thursday. OpenSea is the biggest marketplace for non-fungible tokens (NFTs) in the world. In 2021, OpenSea’s sales grew very quickly because the rise of cryptocurrencies gave rise to a new group of crypto-rich speculators. But the young NFT market has fallen in recent months as the prices of cryptocurrencies have dropped and investors have become less willing to take risks because of high inflation, rate […]
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