NFT marketplace SuperRare to cut staff by 30%
John Crain, CEO of NFT market SuperRare, announced on Twitter that he will lay off 30% of his staff. He said that the excessive growth of the NFT market has become unsustainable, and that due to previous over-recruitment, he will personally take "full responsibility for this mistake." But he emphasized that there is still a lot of room for innovation and transformation in Web3, NFT, encrypted art, decentralized finance, and governance. Although it is now facing headwinds, the encrypted market...
NFT marketplace SuperRare to cut staff by 30%
John Crain, CEO of NFT market SuperRare, announced on Twitter that he will lay off 30% of his staff. He said that the excessive growth of the NFT market has become unsustainable, and that due to previous over-recruitment, he will personally take "full responsibility for this mistake." But he emphasized that there is still a lot of room for innovation and transformation in Web3, NFT, encrypted art, decentralized finance, and governance. Although it is now facing headwinds, the encrypted market...
A new proposal from the Uniswap community proposes to deploy Uniswap V3 to StarkNet
Nethermind researcher Deven Matthews initiated a proposal to deploy Uniswap V3 to StarkNet in the Uniswap community. Deven Matthews said that the Nethermind team has translated the Solidity code base of Uniswap V3 Core to Cairo through the Solidity to Cairo translator Warp developed by it, and tested it on StarkNet's local test network. If the proposal is passed, Uniswap V3 is expected to be fully deployed on the StarkNet mainnet before the second quarter.
A new proposal from the Uniswap community proposes to deploy Uniswap V3 to StarkNet
Nethermind researcher Deven Matthews initiated a proposal to deploy Uniswap V3 to StarkNet in the Uniswap community. Deven Matthews said that the Nethermind team has translated the Solidity code base of Uniswap V3 Core to Cairo through the Solidity to Cairo translator Warp developed by it, and tested it on StarkNet's local test network. If the proposal is passed, Uniswap V3 is expected to be fully deployed on the StarkNet mainnet before the second quarter.
Genesis lays off another 30% of staff, with sales and business development most affected
A spokesperson for Genesis Global Trading confirmed a second round of layoffs on Thursday, CoinDesk reported. A person familiar with the matter said that Genesis will lay off about 30% of its staff this time, bringing the total number of employees down to 145. The layoffs were mainly concentrated in the sales and business development departments, and the sales team in Singapore was completely abolished. Genesis sent a letter to customers on Wednesday, saying that encryption companies are curr...
Genesis lays off another 30% of staff, with sales and business development most affected
A spokesperson for Genesis Global Trading confirmed a second round of layoffs on Thursday, CoinDesk reported. A person familiar with the matter said that Genesis will lay off about 30% of its staff this time, bringing the total number of employees down to 145. The layoffs were mainly concentrated in the sales and business development departments, and the sales team in Singapore was completely abolished. Genesis sent a letter to customers on Wednesday, saying that encryption companies are curr...
Fed's Kashkari: The Fed can only consider cutting rates if it is confident that inflation is falling back to its 2% target
The Fed's Kashkari said the Fed must learn the lessons of the 1970s and avoid cutting interest rates prematurely. The Fed should maintain its target rate and forecast a terminal rate of 5.4%. It is too early to say that inflation has peaked. At this stage, any sluggish signs of reducing inflation would call for a potentially substantial increase in policy rates. If inflation continues to rise, higher interest rate levels may be required. The Fed can only consider cutting rates if it is c...
Fed's Kashkari: The Fed can only consider cutting rates if it is confident that inflation is falling back to its 2% target
The Fed's Kashkari said the Fed must learn the lessons of the 1970s and avoid cutting interest rates prematurely. The Fed should maintain its target rate and forecast a terminal rate of 5.4%. It is too early to say that inflation has peaked. At this stage, any sluggish signs of reducing inflation would call for a potentially substantial increase in policy rates. If inflation continues to rise, higher interest rate levels may be required. The Fed can only consider cutting rates if it is c...
Canadian listed company Tokens.com subsidiary Metaverse Group acquires NFT platform CocoNFT
Metaverse Group, a Metaverse subsidiary of Tokens.com, a Canadian listed company investing in Web3 assets and businesses, has acquired NFT platform CocoNFT. CocoNFT co-founders Mark Allen and Brody Berson will join the Metaverse Group team as Chief Technology Officer and Chief Product Officer, respectively. The acquisition for Coco includes a software platform that allows users to mint NFTs from Instagram utilizing blockchain and Web3 wallets.
Canadian listed company Tokens.com subsidiary Metaverse Group acquires NFT platform CocoNFT
Metaverse Group, a Metaverse subsidiary of Tokens.com, a Canadian listed company investing in Web3 assets and businesses, has acquired NFT platform CocoNFT. CocoNFT co-founders Mark Allen and Brody Berson will join the Metaverse Group team as Chief Technology Officer and Chief Product Officer, respectively. The acquisition for Coco includes a software platform that allows users to mint NFTs from Instagram utilizing blockchain and Web3 wallets.
