OpenSea lays off 20% of its team citing crypto market crash

The crypto market has taken a massive dip in the past couple of months and it seems that the situation is only getting worse. Due to the cryptocurrency crisis, many businesses are lowering costs and laying off workers. On July 14, OpenSea, the largest NFT marketplace, and CEO and co-founder Devin Finzer, tweeted a screenshot which states that OpenSea is reducing its team by 20%.