Nansen Cuts 30% of Staff, Citing Brutal Year for Crypto


Pexels.com

Nansen, an analytics platform for Ethereum, has reduced its staff by 30% on Tuesday, citing a brutal year for the crypto market.

Subscribe to our Telegram channel to get daily short digests about events that shape the crypto world

In a Twitter thread, Nansen CEO, Alex Svanevik, said the firm’s cost base is “too high relative to where the company is today.” He admitted the firm’s balance sheet is strong enough to stay afloat for a few years, however, Nansen wants to build a “sustainable business.”

Nansen Uncovers What Caused the Collapse of FTX

Svanevik hopes the reduction will help a smaller Nansen team “focus on shipping amazing products.”

Founded in 2020, Nansen raised a total of $88.2 million in four funding rounds from 44 investors so far. The firm was backed by Andreessen Horowitz, Skyfall Ventures and others.

Access more than 50 of the world’s financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange

Источник: ru.ihodl.com

Comments (0)
Add Comment