NFT Now
Operator of a media production company designed to guide the community through the NFT ecosystem. NFT Now's platform delivers up-to-date news, features, and analysis on newly minted NFTs, helping users foster a varied and supportive community.
Too little strategy. Too much emotional abuse.
Pros
The pay and compensation meet industry standards. The Founders seemed genuinely excited about NFTs and cared about diversity.Cons
The founders had no long-term vision and were unable to give employees specific priorities, even after multiple requests. Instead, the business strategy constantly shifted, so employees scrambled from project to project and worked overtime, pivoting from one half-baked idea to the next. This made meaningful growth impossible, and work-life balance did not exist. The President is also extremely reactive and at times seemed completely unable to regulate his emotions. Employees were pulled into all-hands calls and berated regularly. Unfortunately, this problem was compounded by the constant priority pivots. One week, teams were scolded for not securing enough high-quality interviews. The next, teams were reprimanded for not producing a high volume of short content written with AI. This made work very stressful, as there was nothing employees could do to meet demands. You scrambled like mad and were always waiting to be scolded for focusing on the wrong priority. The CEO seemed genuinely well-intentioned, but he was ultimately content to just follow the whims of the President and seemed more interested in attending events and networking than creating a viable business model or setting strategy. Ultimately, that’s the only thing the Founders seemed to be good at — networking and getting people to give them money. Employees were worked to the bone, advice from managers went unheeded, and the Founders failed to accept any responsibility for their half-baked strategies and the continued lack of growth. In about a year, the COO, assistant to the CTO, Social Media Manager, Senior Editor, EIC, and a second EIC (hired to replace the one who resigned) quit. In short, the Founders are terrible at business strategy, people management, and appropriate resource allocation. This led to excessive turnover and culminated in essentially the entire team (those who were left after all the resignations) being laid off. To add insult to injury, the company has yet to acknowledge the second round of mass layoffs, which is deeply problematic since the company is still actively promoting its NFTs (the Now Pass).nft now is on a mission to empower the creators of culture, foster mainstream adoption around NFTs, and pioneer a new model for a media software company in web3. As a diverse and multidisciplinary team, we embrace a culture of innovation, celebration and accountability as we work to build a better future, make a positive social impact and amplify the voices that need to be heard. Learn more about our available positions and apply below.
Freshly minted web3 news, features, and analysis on trailblazing artists, collectors, and technologists who are redefining the creative economy — and how you can be a part of it.
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