Stepn Reportedly to Lay Off 100 Employees Amid Market Downturn, Company Denies It
Source: AdobeStock / blicsejo Play-to-earn game Stepn , which lets users buy non-fungible token (NFT) running shoes and earn native crypto GMT through jogging, reportedly started a major layoff of its contract workers amid a market downturn – but the team behind the app denies firing staff. The South China Morning Post (SCMP) reported that Find Satoshi Labs , Stepn’s parent company , has terminated the contracts of more than 100 community moderators of its social media channels, as well as its “ambassadors” who promote the “move-to -earn&rdquo ; fitness app. It cited the crypto news outlet Wu Blockchain and “people familiar with the matter.” “It began to focus on promoting its parent company Find Satoshi Lab, and mainly focused on new projects to be released such as the NFT exchange market,” Wu Blockchain reported. “In addition, the large amount of GMT's investor saft will be unlocked in March next ...