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Developer ATMTA of bold house buying and selling and fight recreation Star Atlas has introduced a big restructuring that may cut back its headcount to 45 from a post-FTX degree of 167. Previous to the crypto alternate going bust in November 2022 and taking $15 million of the corporate’s money with it, ATMTA had 235 workers.
In that context, the developer has misplaced 81% of its workers 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 venture — which has similarities 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 diminished crew can be “fully capable of delivering on our prioritized products”.
As acknowledged, the main target of the crew will now be on small recreation elements corresponding to its SAGE browser-based expertise and the newly introduced move-to-earn Crew Cellular app. It’ll additionally proceed its CORE graphic novel collection.
On this manner, the restructure ought to give ATMTA over a yr of runway. Wagner additionally hopes that this restructuring will encourage VCs to take a position right into a extra targeted and extra environment friendly firm which over time will be capable of scale as much as regain its authentic imaginative and prescient over time.
You possibly can learn the total assertion on the Star Atlas Discord.
