Once Promising Crypto Project NEM Near Bankruptcy

The once-promising NEM project has called onto the community for support.

The bear market has taken its toll on the NEM project causing the project to radically change its plans going forward and asking for support from the crypto community.

Reports from the NEM team are they have about one month left in funding with mass layoffs on the NEM team are imminent with the team focusing on trying to deliver products and stopping an expensive marketing campaign.

NEM was tipped as a front runner to stay in the top 10 cryptocurrencies in 2017/2018 but delays and partnership issues have cast shade over the project.

With this latest new's coming I can only imagine a large market sell-off before the inevitable happens.