Solana NFT marketplace Magic Eden announced layoffs of 22 employees late Monday, citing company-wide restructuring as the wider crypto economy continues to grapple with a harsh winter. Solana NFT Marketplace Magic Eden Layoffs Follow A Trend Since the beginning of 2023, several prominent crypto companies, including Huobi, Coinbase, Blockchain.com, Crypto.com, and Luno, have also announced layoffs. Launched in September 2021, Magic Eden quickly rose to become one of the Solana blockchain’s most popular marketplaces for NFTs. In September 2022, Magic Eden expanded into the Ethereum ecosystem, rolling out support for Bored Ape Yacht Club, Pudgy Penguins, and Otherside. CEO Says Layoffs Came After Self-Introspection In a letter shared in The post Solana NFT Marketplace Magic Eden Hit By Layoffs, 22 Employees Fired appeared first on Cryptoknowmics-Crypto News and Media Platform .
