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LAYOFFS

Messari lays off roughly 15% of staff amid industry-wide cuts, CEO Turner confirms

Messari laid off 15% of its staff amid crypto industry layoffs. CEO Eric Turner was promoted after founder Ryan Selkis stepped down over controversial political comments.

theblock.co • 11/01/2025 - 00:46 AM

Nike-owned NFT wearables startup RTFKT is winding down

RTFKT, the digital wearables NFT startup acquired by Nike in 2021, is shutting down, according to an announcement on Monday. The project, featuring over two dozen collections, is ranked ninth among NFT projects by earnings, bringing in nearly $50 million in total lifetime revenue.

theblock.co • 02/12/2024 - 18:22 PM

The Daily: MicroStrategy buys record $5.4 billion in bitcoin, Sky Mavis cuts 21% of its workforce and more

Business intelligence firm and corporate bitcoin holder MicroStrategy purchased another 55,500 BTC for $5.4 billion between Nov. 18 and Nov. 24, according to an 8-K filing with the SEC on Monday. Axie Infinity crypto game developer Sky Mavis is laying off 21% of its workforce, affecting about 50 of its 250 global team, amid a “shift in priorities,” according to CEO and co-founder Trung Nguyen. Solana’s decentralized exchanges surpassed $100 billion in monthly trading volume for the first time, generating a record $109.8 billion in November so far, doubling Ethereum’s $55 billion. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 25/11/2024 - 19:15 PM

Axie Infinity game developer Sky Mavis lays off 21% of workforce

Sky Mavis, the developer of Axie Infinity, is laying off 21% of its workforce, which will affect about 50 employees. Despite the layoffs, CEO Trung Nguyen emphasized that the company is positioning for growth in 2025.

theblock.co • 25/11/2024 - 06:11 AM

Kraken sheds 'organizational layers' as board member Arjun Sethi steps up as co-CEO

Kraken announces layoffs and leadership changes, appointing Arjun Sethi as co-CEO to streamline operations amid a trend of downsizing in the cryptocurrency sector.

theblock.co • 30/10/2024 - 18:40 PM

LAYOFFS

DYdX Trading lays off 35% of its employees, including core team members

dYdX Trading has laid off 35% of its staff, according to a company blog. CEO Antonio Juliano recently rejoined the firm after a six-month sabbatical.

theblock.co • 29/10/2024 - 19:03 PM

LAYOFFS

MetaMask developer Consensys laying off 20% of its workforce

Consensys is laying off 20% of its workforce amid legal issues and macroeconomic challenges, focusing on agility and sustainability in the competitive web3 space.

theblock.co • 29/10/2024 - 14:18 PM

The Daily: Matter Labs cuts staff as ZKsync demand falls, SEC charges Galois Capital and more

Matter Labs trimmed its workforce by 16% as demand for ZKsync Era continues to fall. The SEC charged and settled with the crypto-focused investment advisory firm Galois Capital over custody issues. The entity behind the WazirX hack moved $6.5 million in ether to the sanctioned crypto mixer Tornado Cash. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 03/09/2024 - 17:21 PM

The Daily: Matter Labs cuts staff as ZKsync demand falls, SEC charges Galois Capital and more

Matter Labs lays off 16% of staff amid ZKsync demand drop; SEC charges Galois Capital; WazirX hacker transfers $6.5 million; Hypernative secures funding; Scottish court seizes bitcoin.

theblock.co • 03/09/2024 - 17:21 PM

LAYOFFS

Matter Labs trims workforce by 16% as demand for ZKsync Era falls

Matter Labs has reduced its workforce by 16% due to changing market needs, emphasizing a reevaluation of strategy and roles for better alignment with evolving demands.

theblock.co • 03/09/2024 - 15:03 PM

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