SuperRare

History

2023:30% staff cut

On January 6, 2023, the SuperRare platform, one of the largest trading platforms for non-replaceable tokens (NFTs), announced a staff reduction. Due to the current market situation, the company is forced to lay off approximately 30% of employees.

The upcoming cuts were announced by SuperRare chief executive John Crain. According to him, the platform showed active growth when the NFT market was on the rise. At the time, the company hired too many new employees, leaving the staff bloated. But against the backdrop of the protracted cryptosima faced by the cryptocurrency and NFT industries, a decrease in staff is needed.

SuperRare cuts 30% of state

During recent rapid growth, we have developed with the market. In recent months, it has become clear that this aggressive growth has been unsustainable: we have hired too many employees and are fully responsible for this mistake. To adjust the course, we made a difficult decision to reduce our team, "Crane wrote.

The SuperRare marketplace was launched in 2018. It gives users the opportunity to sell and collect digital works of art: these can be conceptual works, exclusive illustrations, photographs, etc. In March 2021, SuperRare raised $9 million as part of a Series A funding round. It was conducted by Velvet Sea Ventures and 1confirmation investment firm with celebrities such as Marc Cuban, Marc Benioff and Ashton Kutcher.

According to John Crane, in the current environment, the platform faces difficulties, but continues to create a unique direction of art. How many employees will lose their jobs is not reported. But it says the company will do "everything possible to help them move on to new opportunities and support them in future endeavors."^[1]

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