CryptoWorld News: Matter Labs CEO Alex Gluchowski announced on X platform that the company will lay off staff, and the business will fully focus on the on-chain privacy infrastructure product Prividium aimed at regulated financial institutions. The layoff decision was due to changes in business needs, and departing employees have received financial support and transition assistance.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 3
  • 2
  • Share
Comment
Add a comment
Add a comment
ColdBrewYield
· 2h ago
From zkSync to Prividium, Gluchowski's shift illustrates one thing: purely technical narratives are no longer enough in a bear market; you need to find paying clients. Institutional privacy is indeed more in demand than retail DeFi.
View OriginalReply0
MistValleyFront
· 3h ago
The reshuffle in the ZK track has begun. Matter Labs' focus on B2B privacy seems to think that the C-end narrative can't hold up. Can Prividium carve into the institutional market? Let's wait and see.
View OriginalReply0
GateUser-44dde53b
· 3h ago
The news of layoffs was a bit sudden, but focusing on a single product line is a rational choice for startups. Wishing the brothers leaving the company a smooth transition.
View OriginalReply0
  • Pinned