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Developer ATMTA of formidable house buying and selling and fight sport Star Atlas has introduced a big restructuring that can scale back its headcount to 45 from a post-FTX degree of 167. Previous to the crypto change going bust in November 2022 and taking $15 million of the corporate’s money with it, ATMTA had 235 workers.
In that context, the developer has misplaced 81% of its workers up to now 9 months.
Introduced in 2020, Star Atlas gained prominence as one of many excessive profile video games on the Solana blockchain. The relative decline of Solana by way of the final crypto winter and particularly by way of FTX — which was a heavy backer of Solana — has massively impacted the developer, nevertheless.
The complexity of the unique undertaking — which has similarities in scope to EVE On-line or Star Citizen — has additionally been a contributing issue.
Nonetheless, ATMTA CEO Michael Wagner has said he believes the decreased crew will probably be “totally able to delivering on our prioritized merchandise”.
As said, the main focus of the crew will now be on small sport parts equivalent to its SAGE browser-based expertise and the newly introduced move-to-earn Crew Cellular app. It should additionally proceed its CORE graphic novel collection.
On this means, the restructure ought to give ATMTA over a 12 months of runway. Wagner additionally hopes that this restructuring will encourage VCs to take a position right into a extra targeted and extra environment friendly firm which over time will be capable to scale as much as regain its unique imaginative and prescient over time.
You possibly can learn the total assertion on the Star Atlas Discord.
