Alejandro Navia, President of NFT Now, tweeted that the Web3 publication had “over-hired.” Meanwhile, another founder of NFT Now had his Twitter account hacked over the weekend. Amid a chilling non-fungible token (NFT) winter, Web3 media companies are not immune to the frosty conditions, including publication NFT Now which announced job cuts on Monday. Alejandro Navia, president of NFT Now, posted a tweet sharing that the company had scaled too quickly in the bull market and now had to reduce staff at the company. “As we are building the business for the long term, we must adapt to changing market conditions,” said Navia. “Given the current climate, it is clear that this pace of growth was unsustainable and we over-hired.” Navia shared that as President, he “[takes] full
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