Ebay signboard stamped NFT

eBay Rethinks NFT Strategy Amid Web3 Team Layoffs

eBay is reportedly reassessing its approach to NFTs after making significant cuts to its Web3 division. According to NFTgators, more than 30% of the Web3 team has been laid off, including Stef Jay, the business and strategy officer. The relationship between eBay and KnownOrigin, a previously acquired NFT marketplace, has deteriorated, leading to the departure of David Moore, one of Knownorigin’s founders. As a result, eBay has suspended all digital art initiatives.

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Hand drawn on Binance banner titled Top 5

2023: A Year of Blazing Trails for BNB Chain

BNB Chain, 2023, DeFi, NFTs, dApps, DAOs, Metaverse, blockchain, cryptocurrency, innovation, disruption, finance, technology, decentralization, community, growth, challenges, regulation, future

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