NEAR Foundation to Cut Team by 40% in Realignment Effort
Layoffs will impact community, business development, and marketing teams.
Keep up with what's happening in the crypto world in real-time.
Layoffs will impact community, business development, and marketing teams.
Near Foundation cuts staff by 30% to refocus on core development as Near ecosystem matures despite strong growth in users and transactions.
The NEAR Foundation, a key player in the development of the Open Web, has recently announced a significant restructuring to enhance its efficiency and impact. The update, addressed to the NEAR community, outlines the foundation's achievements, challenges, and a strategic shift in its operations to better align with its core vision.
The NEAR Foundation has announced a significant reduction in its workforce. Consequently, it will lay off 35 staff members, or approximately 40% of its team.
The NEAR Foundation has announced a 40% reduction in its workforce, impacting 35 team members, as part of a strategic realignment to focus on high-impact activities and further decentralize the ecosystem. Despite this change, the Foundation maintains strong financial health and a commitment to advancing key areas in the Web3 space.
Near Foundation, the driving force behind the NEAR Protocol, is streamlining its workforce by 40% despite its ecosystem's noticeable growth and development during the past year, according to a Jan. 11 statement by CEO Illia Polosukhin.
The cuts will come from its marketing, business development and community teams, according to Near Foundation CEO Illia Polosukhin.
The NEAR Foundation, one of the most renowned organizations empowering protocol maintainers and ecosystems globally, recently announced a staggering deduction in its workforce, stirring a whirlpool of speculations across the web3 landscape. As per a recent statement issued by the firm's community, the NEAR Foundation aims to trim its workforce by 40%, eyeing the organization's
NEAR Foundation has decided to lay off nearly half of the team, saying its internal processes were moving too slowly. In a blog announcement on Jan.
All eyes were on Bitcoin today as the US Securities and Exchange Commission approved spot ETFs. However, the suggestion that the news was already priced in appears to have some merit.
Top crypto altcoins record significant price correction for the third day, indicating a strong bearish influence in the cryptocurrency market. Near Protocol price follows the market trend and has experienced a correction of over 7% within the past day. The Near Protocol price traded in a closed space between $2.066 and $2.
The total market cap remained flat at $1.66 trillion. Amid the rollercoaster ride, crypto assets Bitcoin, Near Protocol and Bonk made noteworthy moves.
The three Fibonacci retracement levels marked key areas of demand for NEAR token.
In a recent analysis, Cheeky Crypto reported that Near Protocol (NEAR) has experienced impressive growth, surging over 200% in the past few weeks. The cryptocurrency has been showing significant gains, prompting the analyst to discuss the reasons behind NEAR's performance and its potential future trajectory.
Neither bulls nor bears are dominating today, according to CoinStats.
As the year 2024 dawns, the cryptocurrency market is witnessing a remarkable resurgence. After weathering uncertainty and volatility, the crypto landscape rebounded strongly in late 2023, ushering in what many call an “Altcoin Season.” This resurgence is not just a mere recovery but a powerful affirmation of cryptocurrencies' enduring appeal and potential.
Near Protocol ($NEAR) price continued its spectacular surge on Black Friday even as Bitcoin and other altcoins took a breather. The token jumped to a high of $4.61, its highest point since September 2022. It has jumped by more than 360% from its lowest point this year.
A closely followed crypto strategist thinks that one Ethereum (ETH) rival that's flying under the radar will see a big spike in market capitalization. Pseudonymous analyst The Crypto Dog tells his 750,500 followers on the social media platform X that the smart contract platform Near (NEAR) is currently trading below its fair value.
The cryptocurrency market recently witnessed a remarkable surge during the week. Optimism (OP), Injective (INJ), Stacks (STX), Sei (SEI), Solana (SOL), NEAR Protocol (NEAR) have emerged as the week's top crypto gainers.
The cryptocurrency market continues to present various investment opportunities, having recently rallied, led by Bitcoin (BTC). Despite the perception that digital assets like Bitcoin are often considered out of reach for many investors due to their high unit prices, numerous affordable options are still available in the market.
The crypto market's rally continued this week.
Near Protocol Price Prediction: Defying the current correction mode in the crypto market, the Near Protocol(NEAR) coin has shown an upright recovery registering a 44% weekly gain. Amid this rally, the buyers gave a decisive breakout from two crucial levels, offering buyers a suitable launchpad to further fuel this growth.
NEAR is a user-friendly and carbon-neutral blockchain, built from the ground up to be performant, secure, and infinitely scalable. NEAR is a platform for running applications that have access to a shared and secure pool of money, identity, and data that is owned by their users.
Ranking th charts of top gainers, the NEAR price jump of 24% last night signals the start of Santa Rally for Near Protocol. A similar trend in multiple altcoins marks the beginning of a Santa Rally and potentially a new Altcoin season.