• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Messari Lays Off 15% of Workforce Amid Crypto Industry Changes

user avatar

by Giorgi Kostiuk

3 months ago


Messari, a leading company in blockchain research, has announced a layoff of 15% of its team. This decision focuses on strengthening the company's core areas of delivering cryptocurrency data and insights.

Streamlining for Growth: The New Messari Direction

The layoffs at Messari include both full-time employees and contractors who weren’t renewed. This move, common at the start of a new fiscal year, reflects economic conditions within the crypto sector, with similar cuts happening at companies like Kraken, Sky Mavis, and Paxos. However, Messari aims to concentrate on consolidating its strengths rather than retreat.

Ryan Selkis Fuels The Messari Legacy

Ryan Selkis, the founder of Messari, is known for his influential yet controversial stance. His outspoken nature on social media occasionally brought negative attention to the company, which eventually led to his resignation. Selkis was noted for his fiery debates and sharp commentary, including criticism of the critics of President-elect Donald Trump. Ultimately, Selkis chose to step down, citing concerns about reputational risks.

Turner's Steady Hand in a Shifting Market

Selkis's departure paved the way for Eric Turner to take on the role of CEO. Turner's leadership has marked a pivotal shift from Selkis's ambitious vision of hiring 1,000 analysts to a streamlined, efficiency-focused model. Despite the layoffs, Messari remains a key player in the cryptocurrency research field. Backed by financial giants like Point72 Ventures and Galaxy Digital, Messari secured $35 million in its series B funding round in 2022. Turner's current plan focuses on empowering Messari's team to stay competitive in a rapidly evolving market.

Messari's restructuring is a part of a broader narrative within the cryptocurrency industry, requiring companies to adapt to new market dynamics. For Messari, this could be an opportunity to re-strategize for future success.

0

Share

Other news

Arthur Hayes Anticipates Bitcoin Surge to $250,000 Amid U.S. Economic Policy Changes

Arthur Hayes predicts Bitcoin will hit $250,000 by 2025 due to economic policy changes and increased liquidity.

user avatarGiorgi Kostiuk

7 minutes ago

MAGACOINFINANCE: Key Crypto Project of 2025

MAGACOINFINANCE finds its place among the top 2025 crypto projects, standing out with its growth potential and relevant offerings.

user avatarGiorgi Kostiuk

17 minutes ago

BlockDAG Achieves Significant Funding Growth Following Beta Testnet Launch

BlockDAG successfully raised $5 million within 48 hours of its beta testnet launch, demonstrating a significant investor interest.

user avatarGiorgi Kostiuk

an hour ago

Analysis of Aptos, ONDO, and Qubetics: Promising Cryptos for 2025

Aptos, ONDO, and Qubetics have established themselves as key players in the cryptocurrency world in 2025.

user avatarGiorgi Kostiuk

an hour ago

BlockDAG Launches Testnet Mirroring Real World Tokenomics

BlockDAG's testnet models tokenomics while Dogecoin shows volatility and Ethereum Classic remains steady.

user avatarGiorgi Kostiuk

an hour ago

Atkins' SEC Nomination Advances in U.S. Senate Committee

Atkins' nomination progresses, hinting at potential regulatory shifts for digital assets.

user avatarGiorgi Kostiuk

an hour ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.