Web3 infrastructure company Blocknative lays off about 33%

According to ChainCatcher, as reported by CoinDesk, Web3 infrastructure company Blocknative has recently undergone a restructuring, with layoffs slightly exceeding 33%, affecting about a dozen employees.

According to the crypto data platform Rootdata, Blocknative completed a $15 million funding round in December 2022, with investors including Blockchain Capital, Foundry Group, Rho, IOSG Ventures, Robot Ventures, Fenbushi Capital, HackVC, and Industry Ventures. Additionally, Blocknative secured $5 million in seed funding in 2020 and $12 million in Series A funding in 2021.

ChainCatcher previously reported that in September, Blocknative announced the suspension of its MEV-boost relay service, citing that the business could not maintain economic viability.