NFT trading market Magic Eden will lay off 22 people and undergo restructuring

ChainCatcher news, Magic Eden co-founder and CEO Jack Lu tweeted that in 2023, Magic Eden's focus areas include increasing cross-chain appeal, developing services for NFT creators, and exploring new use cases such as rewards and social experiences. The company needs to review its team structure and roles, and has decided to lay off 22 employees and undergo a company restructuring.

According to ChainCatcher previous report, on February 2, Magic Eden revised its $27 million funding from last March to $16.9 million. (source link)