STEPN to lay off over 100 staff
STEPN’s parent company, Find Satoshi Lab, will also reduce investments in STEPN to focus on promoting itself and upcoming new projects, like the new NFT exchange platform, Find Satoshi Lab is building. The majority of GMT simple agreement for future tokens (SAFT) will also be unlocked in March 2023. STEPN pointed at the current bear market as the reason for layoffs. Even though it announced that it received a $112.5 million profit from the platform fees in July, the GMT token has been quite volatile recently. However, the GMT managed to spike back up three days later and become one of the top three coins leading the crypto recovery. At the time of reporting, STEPN had spiked by 27% in 24 hours.
Source
https://t.me/Helium_Waves_Stepn
