Sorare, the web3 gaming company, sees 13% reduction in workforce amidst declining interest in NFT fantasy sports.
NFT fantasy sports startup Sorare lays off 13% of staff, as web3 gaming continues to sputter Sorare is not completely shuttering its New York office but is shifting more employees to ParisWeb3-enabled fantasy sports platform Sorare laid off 22 employees based in its New York office in February.
The company will backfill most of these laid-off roles in Paris, according to Julia, with plans to hire more than 20 roles in the next six months.
Sorare is not shutting down its New York office.
Sorare saw $200 million in user transaction volume in 2023, a source familiar with the situation said.
Web3 gaming startup Mythical Games raised nearly $300 million in venture money before holding three rounds of layoffs.
