<p>Leading non-fungible token (NFT) marketplace OpenSea's co-founder and CEO Devin Finzer announced that the platform is laying off about 20 per cent of its total employees.</p>.<p>On the microblogging site Twitter, the CEO shared a note that said "today is a hard day for OpenSea, as we are letting go of 20 per cent of our team".</p>.<p>"We made an incredibly sad and difficult decision to reduce the size of our team by -- 20 per cent, and today we're saying goodbye to many of our friends and team members across opensea," the note, shared with employees before being revealed on the microblogging site, reads.</p>.<p>"Each of the people leaving has played a critical role in OpenSea's journey. They have supported our users, championed our mission, and worked intensely to build the foundations of the NFT space," it added.</p>.<p>He also mentioned that these employees are talented and committed and they will be missed and "we plan to treat them with great care".</p>.<p>Finzer said he expects that the company will see an explosion in innovation and utility across NFTs during the winter.</p>.<p>"With the hard (but important) changes we made today, we're in an even better position to capture what will soon become the largest market on the planet," he said.</p>.<p>"When the global economy is uncertain, our mission to build the foundation for new, peer-to-peer economies feels more urgent and important than ever. Winter is our time to build," he added.</p>
<p>Leading non-fungible token (NFT) marketplace OpenSea's co-founder and CEO Devin Finzer announced that the platform is laying off about 20 per cent of its total employees.</p>.<p>On the microblogging site Twitter, the CEO shared a note that said "today is a hard day for OpenSea, as we are letting go of 20 per cent of our team".</p>.<p>"We made an incredibly sad and difficult decision to reduce the size of our team by -- 20 per cent, and today we're saying goodbye to many of our friends and team members across opensea," the note, shared with employees before being revealed on the microblogging site, reads.</p>.<p>"Each of the people leaving has played a critical role in OpenSea's journey. They have supported our users, championed our mission, and worked intensely to build the foundations of the NFT space," it added.</p>.<p>He also mentioned that these employees are talented and committed and they will be missed and "we plan to treat them with great care".</p>.<p>Finzer said he expects that the company will see an explosion in innovation and utility across NFTs during the winter.</p>.<p>"With the hard (but important) changes we made today, we're in an even better position to capture what will soon become the largest market on the planet," he said.</p>.<p>"When the global economy is uncertain, our mission to build the foundation for new, peer-to-peer economies feels more urgent and important than ever. Winter is our time to build," he added.</p>