Dapper Labs has laid off 51 employees, stating that the team has sufficient funds and there is no need to sell tokens.

On July 13th, BlockBeats reported that Roham Gharegozlou, the CEO of Dapper Labs, announced on social media that the company has laid off 51 employees, including full-time staff and C1 contractors. Roham stated that this restructuring has streamlined the business and Flow has received separate funding support. The team also has several years of cash reserves in the short term and does not need to sell tokens to fund operations.