Solana-based Metaplex lays off staff following FTX collapse
NFT protocol Metaplex laid off staff due to to the "indirect impact" of the collapse of crypto exchange FTX. While the company said its treasury was not directly impacted and that its fundamentals remain strong, it will take a more conservative approach moving forward, CEO and co-founder Stephen Hess said on Twitter. Metaplex is an ecosystem of tools on Solana that NFT creators can use for mints, airdrops and storefronts. Following FTX's demise, many NFT companies have scrambled to reassure their communities about any possible exposure to the once-popular crypto exchange.Royalty Enforcement, Creator Studio, Fusion, Compression and continued improvement of dev tools and SDKs,” Hess said.
More Crypto News
