Going forward, crypto companies with valid use cases and utility are the ones that will best survive, according to Nicholas Strange, founder of Seattle-based hiring firm Crypto Talent. Many crypto firms have been through downturns before, and have become better at managing their treasuries, Strange told CoinDesk. Additionally, quarter-over-quarter venture capital funding remains at all-time highs, and certain VC firms may use this downturn to continue funding promising crypto-related projects, Strange said.
Source: https://www.coindesk.com/business/2022/06/03/crypto-firms-especially-exchanges-slash-jobs-as-market-rout-continues/?utm_medium=referral&utm_source=rss&utm_campaign=headlines