NFT marketplace OpenC to lay off 20% of employees

One of the largest markets for OpenSea non-fungible tokensaid on Thursday it would cut a fifth of its workforce as the collapse in cryptocurrency prices continues to wreak havoc on digital-asset firms.

chief executive Devin Finzer said in an internal memo to employees that he shared on Twitter that the firm would provide severance and health care coverage in 2023, as well as accelerated equity vesting, for those who have been laid off.