Splinterlands, one of the most played Play to Earn (P2E) games, confirmed on Thursday that it is laying off 45% of its staff in light of current market conditions. The NFT-based strategy card game distanced itself from the FTX saga, claiming that it didn’t have funds in at-risk exchanges or services, nor did it have debt or use leverage with funds.
The Hearthstone competitor regretfully shared that the value of its cryptocurrency holdings has significantly decreased. This has shortened its available runway and forced it to cut corners. Additionally, the amount of revenue that Splinterlands could bring in also took a hit due to the burgeoning chaos of the market.
What’s Stored For The Future?
Splinterlands supposedly had built up a long runway of funds, consisting of both fiat and crypto assets, to pay for its road map. The card-based game developer recently announced its newest addition, Tower…
