Multimedia instant messaging app Snapchat is closing down its Web3.0 division in addition to its retrenchment exercise. Snapchat claims to be doing all of these to maintain a balance as it has already fallen short of its financial target. According to CEO Evan Spiegel, cutting down Snapchat’s workforce by almost 20% was a difficult decision […]The post Snapchat Shuts its Web3.0 Division With 20% Layoff appeared first on Blockchain, Crypto and Stock News.