OpenSea lays off 50% of its workforce and will reposition the team around "OpenSea 2.0"

NFT marketplace company OpenSea confirmed to Decrypt that it has laid off about half of its employees, with a company representative stating that approximately 50% of the entire company was affected. OpenSea co-founder and CEO Devin Finzer posted on X platform, saying, "Today, we are repositioning our team around 'OpenSea 2.0,' a major upgrade to our product that includes fundamental technology, reliability, speed, quality, and experience. We will change how we operate, moving towards smaller teams that directly engage with users. During the rebuild, we will continue to support existing products and iterate on OpenSea 2.0 in public testing - staying agile, professional, and focused."