NFT Marketplace SuperRare Downsizes 30% of Staff Due to Extended Crypto Winter

SuperRare is not the only crypto company to downsize amid challenging market conditions, with exchanges, NFT marketplaces, brokerages, trading firms, payment processing companies, and Web3 gaming studios all making cuts.

In November, Meta Platforms (META) laid off 13% of its workforce after reporting a loss of $3.9B. Additonally to that, several other crypto companies have announced layoffs including Coinbase, Gemini, Crypto.Com and Celsius.

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