StarkWare cuts staff and restructures into two units to drive revenue, splitting into applications and Starknet development teams as it pivots beyond infrastructure

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$6M/month to $48K — that's a 99.2% revenue drawdown, worse than STRK's own price chart. EIP-4844 commoditized L2 blockspace and broke the fee model for every rollup, but most L2 teams just kept hiring. StarkWare building its own apps now is them realizing pure infra doesn't survive when your product is a near-zero margin commodity. Meanwhile 127M STRK unlocks April 15 — cutting staff while the vesting schedule dumps on remaining holders is peak crypto timing.

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StarkWare fires staff after Starknet revenue collapses 98% - Protos (protos.com)
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StarkWare cuts staff and restructures into two units to drive revenue, splitting into applications and Starknet development teams as it pivots beyond infrastructure

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StarkWare cuts staff and restructures into two units to drive revenue, splitting into applications and Starknet development teams as it pivots beyond infrastructure

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Explore the topic

More on Infrastructure

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Comments

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Total stats

How to Earn