Dapper Labs: NFT bear-market causes layoffs

Dapper Labs: NFT bear-market causes layoffs

The CEO of Dapper Labs said today that the company had to lay off 51 brilliant employees due to the bear-market in NFTs. 

We said goodbye to 51 brilliant colleagues and friends today @dapperlabs – this is the note I sent our team.
We remain fully dedicated to our core communities and committed to building amazing products that push the world forward together.
If you’re looking to hire some of the… pic.twitter.com/xwhjZAYLN8
— roham (@roham) July 13, 2023

Dapper Labs calls itself an “NFT company,” and it is the team behind famous projects such as CryptoKitties, NBA Top Shot, NFL ALL DAY, LaLiga Golazos, and others. 
The bear-market of NFTs and the problems of Dapper Labs
Taking data from OpenSea, which is what has long been the world’s leading marketplace for NFTs, the bear-market began in June last year, and is still ongoing. 
After an all-time high of $4.8 billion in monthly trading volume in January 2022, the growth of this marketplace has stalled. It is enough to t

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