Media: eBay fired 30% of the staff of the Web3 division and curtailed work on NFT
The company fired some of its employees, the director of strategy and one of the founders of KnownOrigin. This is the NFT marketplace that eBay bought out in June 2022.
eBay has reduced the staff of its Web3 division by a third, including some top managers, and suspended work on NFT integration. This is reported by NFTgators with reference to their sources.
In June 2022, eBay acquired KnownOrigin's NFT marketplace. At that time, the project team stated that the new partner was aimed at integrating innovations, in particular in the field of digital art.
The platform entered the market in 2018. The marketplace positions itself as a platform for the sale of rare and unique NFTs with the assurance of authenticity and authorship.
In February 2023, eBay opened several vacancies for Web3 specialists.
According to NFTgators, after the crypto winter, the company's interest in the new sector faded. Sources of the publication claim that a wave of cuts swept through the company, which primarily affected the Web3 division.
Among others, Steph Jay, Director of Business and Strategy, resigned. David Moore, one of the founders of the KnownOrigin project, was also fired.
Many employees expressed dissatisfaction with the current course of the company, as well as the failed strategy of the new management, the sources noted. In total, up to a third of the staff of the Web3 division were fired, the publication said.
Source: https://incrypted.com/smy-ebay-uvolyla-30-shtata-web3-podrazdelenyja-y-svernula-rabotu-nad-nft/
