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Developer ATMTA of formidable area buying and selling and fight sport Star Atlas has introduced a major restructuring that may cut back its headcount to 45 from a post-FTX degree of 167. Previous to the crypto change going bust in November 2022 and taking $15 million of the corporate’s money with it, ATMTA had 235 employees.
In that context, the developer has misplaced 81% of its employees previously 9 months.
Introduced in 2020, Star Atlas gained prominence as one of many excessive profile video games on the Solana blockchain. The relative decline of Solana when it comes to the final crypto winter and particularly when it comes to FTX — which was a heavy backer of Solana — has massively impacted the developer, nevertheless.
The complexity of the unique undertaking — which is analogous in scope to EVE On-line or Star Citizen — has additionally been a contributing issue.
Nonetheless, ATMTA CEO Michael Wagner has acknowledged he believes the decreased group shall be “absolutely able to delivering on our prioritized merchandise”.
As acknowledged, the main target of the group will now be on small sport parts reminiscent of its SAGE browser-based experience and the newly introduced move-to-earn Crew Mobile app. It’ll additionally proceed its CORE graphic novel sequence.
On this manner, the restructure ought to give ATMTA over a 12 months of runway. Wagner additionally hopes that this restructuring will encourage VCs to speculate right into a extra targeted and extra environment friendly firm which over time will have the ability to scale as much as regain its authentic imaginative and prescient over time.
You may learn the total assertion on the Star Atlas Discord.