Play-to-earn game Stepn, which lets users buy non-fungible tokens non-fungible tokens (NFTs) in the form of 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” fitness app. It cited the crypto news outlet Wu Blockchain and “people familiar with the matter.”
The famous blockchain game STEPN began to lay off staff in the bear market. It will mainly lay off more than 100 MODs, ambassadors, etc., and will reduce investment in STEPN, and some development progress has been delayed. According to community sources.
— Wu Blockchain (@WuBlockchain) October 12, 2022
“It began to focus on promoting its parent...
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