ConsenSys CEO Says His Company Saved Resources for Development

ConsenSys software developer Joe Lubin said his team had a good chance of moving forward despite an 11% reduction in staff.

The company, like many crypto exchanges and startups, was forced to lay off some of its employees last year in order to keep working in the new conditions. Nevertheless, ConsenSys continues to evolve and plans to achieve great success in the medium term.

Lubin admitted that due to the fall of the digital currency market in 2022, it became much more difficult for many developers to attract venture capital.

Financial companies and funds often refuse to support blockchain startups.

However, even in this situation, the business was able to maintain its efficiency and continues to develop products using decentralized technologies.

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