SuperRare, a non-fungible token (NFT) marketplace, has laid off 30% of its staff due to the prolonged crypto winter. CEO John Crain stated that the company overhired during the market boom, leading to unsustainable growth. The layoffs were necessary to “rightsize” the company and ensure its ability to continue serving the artist and collector communities. SuperRare is not the only crypto company to downsize amid challenging market conditions, with exchanges, NFT marketplaces, brokerages, trading firms, payment processing companies, and Web3
