Metaverse Platform The Sandbox Cuts 50% Staff, Restructures as Animoca Brands Take Control

Metaverse Platform The Sandbox Cuts 50% Staff, Restructures as Animoca Brands Take Control

Metaverse platform The Sandbox is undergoing a sweeping restructuring that will see more than half of its roughly 250 employees laid off, according to a report from French crypto outlet The Big Whale. The move comes alongside a leadership shake-up in which co-founders Arthur Madrid and Sebastien Borget have been sidelined from executive roles. Their responsibilities are now being overseen by Yat Siu, CEO of Animoca Brands, The Sandbox’s majority…

Sandbox Layoffs 50% of Its Workforce Amid Gemini Relaunching ETH and SOL Staking in UK

The Sandbox, a blockchain-based metaverse platform, is undergoing a significant restructuring, laying off over 50% of its approximately 250 employees and closing offices in Argentina, Uruguay, South Korea, Thailand, Turkey, and Lyon, France, with further cuts expected in Paris. Co-founders Arthur Madrid and Sébastien Borget have stepped down from operational roles, with Madrid transitioning to […] The post Sandbox Layoffs 50% of Its Workforce Am…

The Sandbox co-founders ousted from exec roles amid mass layoffs

Animoca Brands is taking over The Sandbox, and a memecoin launchpad is in the works

Metaverse developer The Sandbox lays off 50% of staff and pivots to meme coin launchpad - Invest In Crypto News

Key Takeaways The Sandbox is laying off over 50% of its workforce and moving away from metaverse projects. The company will soon unveil a meme coin launchpad on Base. Share this article The Sandbox, the high-profile metaverse and NFT platform backed by Animoca Brands, is undergoing a large-scale restructuring and executive transition, according to a new report from The Big Whale, a France-based media outlet covering the crypto and web3 ecosyste…

Sandbox Layoffs Memecoin Pivot: 50% Workforce Cut for New Model

Sandbox layoffs memecoin pivot: The Sandbox lays off 250 staff as it pivots from metaverse to a memecoin launchpad business model like Pump.fun.