Crypto Data Firm Nansen to Lay Off 30% of Staff
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Blockchain analytics platform Nansen said it is laying off 30% of its workforce, citing broader difficulties in the crypto market.
The firm had tried to expand into business areas that were not core to the company’s strategy, Nansen CEO Alex Svanevik said in a statement posted on Twitter. Founded in 2019, the startup’s expansion coincided with a boom in demand for cryptoasset services and investment. Venture capital firms Accel, GIC and Andreessen Horowitz are among those to have backed the company, according to its website.