PANews reported on January 24 that according to The Block, Web3 development platform Moralis said that it would lay off employees in response to major economic changes and changing customer and market conditions. Moralis co-founder Ivan Liljeqvist declined to disclose the number of layoffs. Sweden-based Moralis currently has 85 employees, according to its LinkedIn homepage. Founded in 2021 by Liljeqvist and Filip Martinsson, Moralis provides developers with infrastructure to build and publish cross-chain applications, games, and NFTs. Liljeqvist's Ivan on Tech YouTube channel has nearly 500,000 subscribers