Forkast Labs has laid off a large portion of its editorial team in a significant shift in business strategy. This move comes directly from its merger with CryptoSlam, a renowned data provider in the cryptocurrency sector.
Earlier this year, Forkast.News and CryptoSlam joined forces to establish Forkast Labs, aiming to build a comprehensive Web3-focused data intelligence and media platform due to this strategic pivot, Forkast. Once a prominent name in crypto journalism, news has ceased its regular publishing of articles and videos.
Forkast.News, known for its insightful coverage in the crypto space, published its last piece of content on November 22. The site updated its branding to reflect the new focus, stating, “Forkast. News is now Forkast Labs.” This transition marks a significant change in the company’s direction, emphasizing data-driven products over traditional news media.
According to internal communications, most editorial staff have been integrated into Forkast Labs. The memo highlights a strategic shift towards data-centric services, indicating that the newly formed team will concentrate on launching innovative data products in the crypto and blockchain industry.
Forkast Labs appears poised to explore new horizons in Web3, NFTs, and the metaverse. In March, the company introduced a series of indices, including the Forkast 500 NFT Index, and has since partnered with The Sandbox to delve into metaverse indexing.
The shift indicates a growing interest in data intelligence within the crypto sector, signaling a potential new direction for journalism and analysis in this rapidly evolving space.
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