ROLLUP: Coinbase Layoffs + Macro Update | Good & Bad NFT Launches | AWS goes Web3 | #137
The Milk Road Show
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Is This a Fear Thing?
Kai: There's definitely a fear. It sort of reverberates through the Web3 and the crypto world. I would say that this is not necessarily a crypto thing. We're seeing layoffs in all industries,. mainly tech, because that's just kind of how the business cycle works. The money printer has stopped. Interest rates are higher than they've been in decades... And we live in this sort of debt-driven economy.
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