Solana NFT Protocol Metaplex Announces Layoffs in Wake of FTX Collapse

“While our treasury wasn’t directly impacted by the collapse of FTX and our fundamentals remain strong, the indirect impact on the market is significant and requires that we take a more conservative approach moving forward,” Hess wrote.

The company did not immediately respond to questions from Decrypt.

Then, last week, FTX imploded — taking down with it all assets and projects connected to Solana, the pet favorite network of FTX founder Sam Bankman-Fried.

Metaplex’s layoffs announced late Thursday are yet another datapoint in the myriad, still-to-be-accounted-for ripple effects of FTX’s collapse. Even without direct financial exposure to the exchange, the reputational damage incurred by FTX and its founder appear to be wreaking havoc across seemingly-insulated corners of the crypto industry.

https://fmicoins.medium.com/how-to-create-fmi-wallet-on-bitkeep-app-e44a2a998e6a

Related posts:

This one is important to me and after trimming it for the 10th time it maybe needs to be just as long an article as it became. Looking at my career as a father, listening to the echos of my work as…

As it jumpstarts our metabolism and gives us the energy and nutrition we need to power our activities, breakfast is sometimes referred to as the most significant meal of the day. Not all meals…