According to Wu, eBay is reconsidering its NFT strategy and has fired more than 30% of the Web3 team. Stef Jay, the business and strategy officer of the Web3 department, recently resigned. The relationship between KnownOrigin, an NFT market acquired in 2022, and eBay deteriorated, and David Moore, one of the founders of Knownorigin, was also "laid off." eBay has suspended all digital art programs and expressed dissatisfaction internally with the lack of leadership and strategy.
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eBay lays off more than 30% of Web3 team and reconsiders NFT strategy
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