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Nickel Digital, Metaplex, and others continue to feel the impact of FTX collapse

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cointelegraph.com

Nickel Digital Asset Management is not the only company feeling the effects of FTX’s collapse and bankruptcy. NFT protocol Metaplex also laid off, “several members of the Metaplex Studios team” due to the "indirect impact" from the collapse of crypto exchange FTX.

The co-founder and CEO of Metaplex Studios Stephen Hess shared in athread on Twitter that:(3/7) While our treasury wasn’t directly impacted by the collapse of FTX and our fundamentals remain strong, the indirect impact on the market is significant and requires that we take a more conservative approach moving forward.The Ontario Teachers’ Pension Plan has also had to swallow some losses.

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