Forkast Trimmed Down to Size Following CryptoSlam Merger A Cautionary Tale in the Crypto-World

Forkast Announces Layoffs in Editorial Staff Following Merger with CryptoSlam

Forkast Labs Digs Deep, But Editorial Staff Falls Flat

In a turn of events more dramatic than a bull market crash, Forkast Labs has ejected a majority of its editorial staff following a merger with data provider CryptoSlam—leaving readers feeling more abandoned than a meme token after its pump. According to insider sources link, the once-vibrant crypto news site experienced a series of layoffs throughout the year, finally deciding it had enough and surrendering to silence by the end of November.

Now, picture this: Forkast.News merged with CryptoSlam back in January, hoping to create a “Web3-focused data intelligence and media platform” under their shiny new brand, Forkast Labs. But it seems like the only thing they’ve been focusing on lately is updating their LinkedIn profiles. Yes, my friends, the site stopped publishing articles and videos faster than you can say “whale manipulation,” with its latest article dating back to November 22. Rumor has it, the team is now spending its days searching for the elusive Satoshi Nakamoto, hoping he can shed some light on their disappearing content. Good luck with that!

The Forkast Labs website has become a ghost town, proudly declaring, “Forkast.News is now Forkast Labs,” in big, bold letters. I don’t know about you, but that announcement sounds as disappointing as waiting for your transaction to confirm during peak congestion. But let’s hear what the bigwigs have to say: “The majority of editorial operations have been incorporated into Forkast Labs as a result of the merger between Forkast and CryptoSlam earlier this year,” read an internal memo shared with the team. And brace yourselves, folks, because here comes the plot twist—they’re going full-on data mode! That’s right, it’s all about the data, baby. Goodbye articles, hello…spreadsheets?

Now, before you shed a tear for Forkast.News, let me share with you their newfound passion. Forkast Labs, according to their website, is all about exploring the final frontier of Web3, NFTs, and the metaverse. It’s like they’ve strapped on a spacesuit and are ready to boldly go where no news outlet has gone before. Back in March, they unveiled a suite of indices, including the Forkast 500 NFT Index—because what’s more exciting than tracking the rise and fall of virtual cartoon cats, am I right? They even shook hands with The Sandbox, marking their grand entrance into the metaverse indexing scene. It’s like they’ve found a new love in the digital realm—just hope they don’t get ghosted this time.

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But let’s not forget the brave knights who rode in to save the day—or at least attempted to. CryptoSlam, a non-fungible token data tracker founded in 2018, joined forces with Forkast.News in a merger orchestrated by the one and only Yat Siu, founder and executive chairman of Animoca Brands. The fusion came just after CryptoSlam secured a hefty $9 million in funding way back in January 2022, with Animoca Brands leading the investment round. It’s like when two superheroes team up to fight evil villains, but instead of capes, they wear blockchain hats.

Despite the recent chaos, let’s take a moment to honor Forkast.News’ past achievements. Founded in 2018, they managed to raise a jaw-dropping $1.7 million seed round in 2021. Now that’s what I call crypto wizardry! But amidst all the ups and downs, Forkast.News wasn’t alone. CoinDesk, another major crypto news outlet, also suffered a significant blow and had to restructure by cutting loose 45% of its editorial staff in August. Just when you thought things couldn’t get worse, CoinDesk ended up being sold to Bullish, a crypto exchange led by none other than former New York Stock Exchange President Tom Farley. Talk about a wild ride in the crypto news world!

So, dear readers, as we bid farewell to the fallen heroes of Forkast.News, let’s remember that in this ever-changing digital landscape, nothing can be taken for granted—not even a tomorrow’s headlines. But fear not, for like a phoenix rising from the ashes, new voices will emerge and continue to educate and entertain us on the wavy seas of cryptocurrency. Until then, stay vigilant, stay informed, and may your crypto investments always reach for the moon and never succumb to the dreaded rug pull.

What are your thoughts on Forkast.News’ editorial staff exodus? Share your tales of crypto tragedy and triumph in the comments below!

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