40% of Octopus Network core team members will leave, the team token incentive will be suspended indefinitely

12/26 03:13

Louis Liu, founder of NEAR ecosystem multi-chain network Octopus Network, posted that the Octopus Network core team will be refactoring as it adopts a refined project strategy to adapt to market conditions. Octopus Network is moving forward with the Voluntary Separation Program. To date, roughly 40% of the members (12 of 30) will leave the core team through the program. The remaining team members will accept a 20% salary cut, and the team token incentive will be suspended indefinitely. Louis Liu said that The most important thing is to ensure that Octopus Network will survive the crypto winter and occupy an important position in the upcoming Internet of Blockchains. Therefore, we will condense operations and focus on building in the next year — NEAR and IBC are the two cornerstones of the new strategy. Octopus 2.0 will facilitate NEAR’s position as an inherent part of the blockchain Internet by widely connecting various appchains (Substrate or Cosmos SDK based) and all IBC-enabled blockchains.

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