SuperRare Reducing Its Staff by 30% Due to Adverse Market Conditions

SuperRare is not the only company in the industry reducing its staff. In 2022, a number of industry players cut their workforce due to crypto winter conditions. As of January 5, 2023, as many as 26,964 crypto jobs have been lost.

Timeline of Superrare

NFT startup SuperRare has started to take drastic measures in order stay in business in the face of an extended crypto winter, giving the pink slip to some members of its workforce.

SuperRare will let 30% of its staff go after CEO John Crain said the company over-hired during the bull market. The post SuperRare cuts 30% of staff, citing bear market appeared first on The Block.

Ethereum-based decentralized digital art marketplace SuperRare has announced the launch of its Genesis RarePass, as it looks to draw crypto NFT users to the platform.  RarePass will enable users to receive specially curated art NFT drops by a host of leading global NFT artists.

The Italian high-end luxury brand Gucci is expanding further into Web 3. Founded in Florence, the company is buying into its first decentralized autonomous organization (DAO) via a new partnership with non-fungible token (NFT) marketplace, SuperRare. Gucci bought $25,000 worth of RARE tokens to join the SuperRareDAO. With its buy-in, Gucci is launching the “Vault...