The cutbacks follow a round of layoffs late last year that saw about 13 percent of ConsenSys’ then-1,200-person staff let go (it’s down to about 1,000 now). The venture studio grew rapidly during the last crypto bull run when the price of ethereum tokens reached over $1,000 but began refocusing priorities in the depths of crypto winter.
Related posts
-
Ethereum Price Signals Reversal and $3,400 Is Imminent, Here’s Why
Ethereum price is gaining pace above the $3,120 resistance zone. ETH could continue to move up... -
Ethereum To See Fresh Move Soon? What Futures Data Says
Data shows the Ethereum Open Interest has been trading at relatively low levels recently. Here’s what... -
Ethereum Whale Buys 127K ETH, Was It Justin Sun Again?
Reports show that a new Ethereum (ETH) whale has been on a buying spree recently. This...