Sky Mavis, the Vietnamese firm behind the NFT-based sport *Axie Infinity* and the Ronin blockchain, has introduced a 21% workforce discount.
The choice was revealed on November 23 by Sky Mavis co-founder and CEO Trung Nguyen by way of a post on X (Twitter). Within the assertion, Nguyen emphasised the corporate’s plan to slender its focus shifting ahead.
“Relatively than attempting to construct merchandise for all customers, we’re doubling down on what makes Sky Mavis really distinctive,” the put up said.
The corporate plans to prioritize the Ronin pockets, *Axie Infinity,* a brand new Axie sport, and the growth of the Ronin Community.
Nguyen defined that the layoffs should not a response to monetary struggles however a strategic selection. “So as to higher give attention to these merchandise and have the agility wanted to open Ronin in Q1, now we have made the powerful determination to let go of 21% of our workforce,” the put up continued.
He added that this restructuring goals to place Sky Mavis for important development in 2025 and past.
Layoffs within the Web3 sector have grow to be more and more widespread as corporations adapt to regulatory and market challenges.
Earlier this month, Alibaba reduced the size of its metaverse unit as a part of a broader restructuring. The corporate plans to proceed work on particular metaverse purposes and instruments regardless of the cuts.
In April, Yuga Labs, recognized for the Bored Ape Yacht Membership NFT assortment, announced layoffs as a part of efforts to restructure and adapt to market situations. Equally, eBay reevaluated its NFT strategy in February, reportedly together with workers reductions at its platform, KnownOrigin.
Final yr, OpenSea, one of many main NFT marketplaces, reduced its workforce whereas specializing in “OpenSea 2.0,” an initiative aimed toward enhancing expertise and person expertise.
