{"id":"tp-1433","type":"article-newspaper","title":"NEM Foundation attempts to get out troubled waters with $8M funding, layoffs and more","author":"Shampa Mani","publisher":"TOKENPOST Inc.","url":"https://www.tokenpost.com/news/business/1433","datePublished":"2019-03-11T09:21:59.000Z","dateModified":"2019-03-11T09:21:59.000Z","language":"en","abstract":"Following its plans to focus more on product development announced in January, the NEM.io Foundation has unlocked funding of $8 million last month and laid off most of its staff, CoinDesk reported.","section":"Business","references":[{"title":"plans","url":"https://tokenpost.com/NEMio-Foundation-reboots-operating-structure-to-focus-on-product-development-1191"},{"title":"NEM.io Foundation","url":"https://nem.io/"},{"title":"CoinDesk","url":"https://www.coindesk.com/nem-foundation-charts-path-forward-after-8-million-rescue-major-cutbacks"},{"title":"approved the request","url":"https://forum.nem.io/t/vote-for-nem-foundation-funding-proposal-2019-approved-by-the-community/22060"},{"title":"funding proposal","url":"https://docs.google.com/presentation/d/1nMR_1ajVcpdGW7g8I0p7ZGh88tZ1SL5RzG5TsLW6Qnk/edit#slide=id.p11"},{"title":"online post","url":"https://forum.nem.io/t/nem-foundation-update-march-2019/22202"}]}