NFT company Candy Digital has laid off about hundreds of employees, and NFT transaction volume has fallen sharply this year

Candy Digital, an NFT company, has laid off hundreds of employees amid the turbulent environment in the cryptocurrency market and a sharp decline in NFT trading volume this year.

According to the Sportico report, about 100 employees of the company have been laid off, more than one-third of the total number of employees. It’s unclear why the layoffs occurred and whether any specific divisions were affected, as Candy Digital has not publicly disclosed the layoffs.

It is reported that Candy Digital will be launched in June 2021 and has the support of sports e-commerce store Fanatics, cryptocurrency-friendly entrepreneur Gary Vaynerchuk and Galaxy Digital CEO Mike Novogratz.

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