Protocol Labs, which launched Filecoin, is laying off 21% of its staff.
service powered by its filecoin token. Decentralized storage aims to offer more resilient and censorship-resistant data storage to everyone using the internet."We announced [the layoffs] at an All Hands this morning. We’ve sent an email and calendar invite to impacted individuals to discuss this transition face-to-face and offer our support," Juan Benet, Protocol Labs CEO, wrote in the blog post.
Ether was worth $383 on Aug. 31, 2017; bitcoin was worth $4,555. So at least part of the underlying assets for that project have quadupled or quintupled in value.
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