THE HASH: NBA Top Shot Creator Dapper Labs Cuts 22% of Staff; Instagram Users Can Soon Mint and Sell NFTs

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CoinDesk

News, Tech News, Daily News, Business News

4.7 • 698 Ratings

🗓️ 3 November 2022

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

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Summary

This episode is sponsored by minima.global and Circle. "The Hash" hosts discuss the latest news impacting the crypto industry, including Instagram's plans allow a select group of digital creators to mint and sell NFTs on its platform. Plus, crypto winter fallout continues as payment processing firm Stripe cuts over 1,000 jobs and NBA Top Shot creator Dapper Labs dramatically reduces its headcount. See also: Payments Processor Stripe Cutting Over 1,000 Jobs The Missing CryptoQueen Has Friends in (Very) High Places Instagram Users Will Soon Be Able to Mint and Sell NFTs - This episode has been edited by Nia Freeman. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.” - Minima is a new layer 1 blockchain, designed to run in full on a smartphone. Join over 300,000 Minima node runners on the Incentive Program today, to start earning $MINIMA every day until Mainnet launch. Get your node setup and earn $MINIMA at minima.global/get-involved. - Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0	This episode is sponsored by Minima.global and Circle.
0:12.5	This is the hash podcast.
0:15.3	Stay informed with the latest on Bitcoin, ETH, the Metaverse, Web3, and more,
0:20.3	with stories that matter to the crypto world,
0:22.6	all on the hash for your ears. You're listening to the Coin Desk podcast network.
0:34.5	Hello, welcome to Thursday's edition of the hash or Friday light, as we like to call it.
0:39.3	I'm joined today by CoinDesk's chief insights columnist David Z. Morris and CoinDestk's head of magazine, Ben Schiller.
0:46.3	Welcome to the show today. I got the first story. We are talking about more layoffs, just like yesterday.
0:53.3	Not a happy way to start off our Thursday, but nonetheless,
0:56.1	the talk of the town right now, Stripe has laid off about 1,000 employees after downgrading
1:01.2	its future outlook, saying that, hey, maybe this internet business is a little bit slower than we
1:06.4	thought it was going to be. This follows on reporting from Bloomberg that Twitter is also
1:10.0	slashing about 50% of its workforce as on reporting from Bloomberg that Twitter is also slashing about 50% of its
1:11.8	workforce as on reporting from Bloomberg, nothing yet from Twitter on the story.
1:16.8	And then lastly, for Dapper Labs, also laying off about 22% of its workforce, saying
1:22.4	that crypto winter is here.
1:23.9	So a lot of layoffs to start off Thursday, guys, not great news.
1:27.2	Ben, I want
1:27.5	to throw this one over to you. We talked about it, yes, earlier on the show this week. Sort of just
1:33.1	the scene for tech right now, we're going to recession possibly or at least a slowdown in tech.
1:37.9	So it makes sense to have some sort of layoffs. But curious to get your thoughts on these
1:41.6	three organizations shedding some workers.
	...

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