Steven Millward · · 1 min readIn brief: Ex-Ant Financial execs chop over 60% of staff at Nebulas blockchain project
The company behind the Nebulas blockchain project has gone from a team of 80 people to just 30, CoinDesk has learned.
After gaining attention in August for its decision to delay its token distribution, including holding onto founder tokens for a period of 10 years, the company has undergone a series of layoffs that have seen peripheral elements of its roadmap shelved, at least pending a recovery in the market for Nebulas’ NAS token.
Source: CoinDesk
The startup confirmed the move to CoinDesk, saying it will “cut off the unimportant projects” in favor of focusing on what it calls “blockchain 3.0,” a forkless and more scalable iteration of blockchain technology.
Most of the job losses are in Beijing.
Editing by Charmaine de Lazo
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