“With this restructure we have made the business more lean, which is going to let us do the right thing for our fans and grow our communities in the most healthy ways possible,” Gharegozlou tweeted.
The NFT market continues to struggle through the crypto winter. As CoinDesk previously reported, sales volume and users on NFT marketplaces continue to decline while trading volume is struggling. The floor price of Yuga Lab's Bored Ape Yacht Club, a blue-chip NFT collection that is often used as a proxy for market health, hit a 20-month low earlier this month.
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