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Illuvium cuts workforce after underperformance of three Ethereum games Ethereum $ETH-based game developer Illuvium $ILV has recently undergone downsizing, according to Decrypt. This restructuring led to job cuts and some key team members agreeing to salary reductions or opting to be paid in the game's own cryptocurrency. This move follows last year’s launch of three interconnected games that did not elicit much enthusiasm from players. In December, Illuvium had already attempted to lower its operating costs by introducing a salary cap of $85,000 among other changes. However, co-founder Kieran Warwick said this week that deeper reductions were needed.

OpenSea's market share soars to 71.5% after SEA token launch announcement NFT marketplace OpenSea has experienced a remarkable rebound, with its Ethereum (ETH) NFT marketplace volume share climbing to 71.5% this past week from just 25.5% four weeks ago, as reported by The Block.…

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People also ask Will Solana fall again? Why is Solana declining? "We have seen an influx of institutions swapping out SOL for ETH with this pressure looming. “Compounding these issues, Solana's association with high-profile scams has damaged its reputation, adding to the bearish sentiment. Together, these elements have created a perfect storm for SOL's downturn,” he concluded.2 days ago