According to Foresight News, according to CoinDesk, Web3 infrastructure company Blocknative recently reorganized, laying off slightly more than 33% of its employees, affecting about a dozen employees. In December 2022, Blocknative completed a $15 million financing round, with investors including Blockchain Capital, Foundry Group, Rho, IOSG Ventures, Robot Ventures, Fenbushi Capital, HackVC, Industry Ventures, etc.
As Foresight News previously reported, on September 27, Blocknative announced the suspension of its MEV-Boost Relay (a software used by network validators) and related Ethereum block builders because the business did not meet the company’s economic expectations.
