Forkast Cuts Majority of Editorial Staff After CryptoSlam Merger Forkast Labs has laid off a majority
of its editorial staff after completing a merger with data provider CryptoSlam. According to sources cited by The Block,
the crypto news site underwent a series of layoffs throughout the year, leading to the eventual decision to suspend editorial operations
by the end of November.
In January, ForkastNews merged with CryptoSlam to form a “Web3-focused data intelligence and media platform” under the new brand
Forkast Labs. However, the crypto news site seems
to have ceased publishing articles and video content last month, with the latest article dated November 22.
“ForkastNews is now Forkast Labs,” the website currently says.
“The majority of editorial operations have been incorporated into Forkast Labs as a result of the merger between Forkast and CryptoSlam earlier this year,” according to an internal memo the company shared with its staff last month.
“There will be an increased focus on the data side going forward.”
According to its website,
Forkast Labs is focused on exploring new frontiers in Web3, NFTs, and the metaverse. Back in March, the company unveiled a suite of indices,
including the Forkast 500 NFT Index, showcasing its commitment to staying at the forefront of digital trends.
It also formed a partnership with The Sandbox, signaling its entrance into the world of metaverse indexing.
