OpenSea Cuts 20% of Staff

citing falling NFT sales and the emergence of competitors. About a two minute read.

Comment: I’ve posted before here that I make and have sold NFTs on OpenSea. I made a low five figure sum during the NFT boom, but barely one thousand dollars in 2022. The collapse in NFT prices is more fallout from The Cryptocrash. I still believe in the media, still make NFTs, although I’m now also selling on other platforms; a few actually paid us to list on their site.