Self-rescue in the bear market of the blockchain industry: Blocknative laid off more than one-third of its staff and exited the "pseudo-decentralized" game😔
Recently, Ethereum infrastructure service provider Blocknative announced a restructuring and laid off more than 33% of its employees. According to CEO Matt Cutler, the move is intended to "extend our development path so that we have ample opportunity to pursue real-time observability topics." Although Blocknative has received sufficient market attention and financial support, layoffs are still its bear market. means of self-rescue.
It is worth mentioning that Blocknative also recently announced the discontinuation of its MEV-boost relay service because the business cannot maintain economic benefits. Relayers are responsible for bridging transactions between block builders and proposers, but without reasonable fee incentives, relays provide expensive services for free. Additionally, U.S. OFAC compliance standards limit Blocknative’s funding model for choosing community donations to reward relayers. This makes Blocknative’s survival situation even more difficult.
So, is Blocknative’s exit a good thing or a bad thing? Does this mean that the centralization of the network is increasing? Everyone is welcome to speak freely in the comment area and discuss this issue together!
Recently, Ethereum infrastructure service provider Blocknative announced a restructuring and laid off more than 33% of its employees. According to CEO Matt Cutler, the move is intended to "extend our development path so that we have ample opportunity to pursue real-time observability topics." Although Blocknative has received sufficient market attention and financial support, layoffs are still its bear market. means of self-rescue.
It is worth mentioning that Blocknative also recently announced the discontinuation of its MEV-boost relay service because the business cannot maintain economic benefits. Relayers are responsible for bridging transactions between block builders and proposers, but without reasonable fee incentives, relays provide expensive services for free. Additionally, U.S. OFAC compliance standards limit Blocknative’s funding model for choosing community donations to reward relayers. This makes Blocknative’s survival situation even more difficult.
So, is Blocknative’s exit a good thing or a bad thing? Does this mean that the centralization of the network is increasing? Everyone is welcome to speak freely in the comment area and discuss this issue together!