😧 NEM Foundation, nearly broke, plans layoffs and pivot
The NEM Foundation, a non-profit team that promotes the NEM ($XEM) blockchain, has one month's cash to operate on. The foundation cites previous mismanagement, specifically on advertising future projects like Catapult, the platform’s native engine software slated for later this year as part of the problem. The NEM Foundation is asking the NEM community fund for 160 million XEM tokens worth $7.5 million. The number of layoffs depends on funds granted by the community.
Let us know what you loved about the report, what may be missing, or share any other feedback by filling out this short form. All responses are subject to our Privacy Policy and Terms of Service.
Mentioned Assets