VC-funded Blockfolio downsizes, cuts side-project as monetizing plans hang in the balance

Blockfolio, the popular crypto portfolio tracking app, has reduced its headcount and folded its incubator project three months after a large Series A cash-raise.

CEO Edward Moncado confirmed that Blockfolio’s California-based team of employees had decreased from 41 to 37 people. Additionally, its affiliated company, DataBlock, has terminated contracts with five people after Blockfolio decided to “sideline” the incubator. The data-rights programme was set up a year and a half ago and, according to sources, consumed a sizable investment, including a hefty salary for a former Wall Street executive.

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