The Nebulas blockchain startup team has been reduced from 80 people to 30. The roadmap of the project has also been revised. It is reported by CoinDesk.
Since last summer, a number of cuts have occurred in the project. Also, the startup had to abandon some minor projects listed in the roadmap. According to Nebulas management, side projects will be frozen at least until the NAS token rate is restored.
One of the reasons was the market price kept going down. Another reason we decided to cut off the unimportant projects like third-party wallets [was that they are] not core to the main tech visions mentioned in the [Nebulas] white paper. So the dev team of that project was first impacted.
It is noteworthy that the decision became known only seven months after the project raised $ 60 million through a tokensale. Lou did not clarify whether the decision was due to possible financial difficulties.
Nevertheless, the project is gradually developing. So, at the end of last year, the company launched a testnet NOVA, designed to measure the quality of blockchain data.