Axie Infinity creator Sky Mavis lays off 50 workers as a part of broader efforts to adapt post-hack and market shifts.
Sky Mavis, the developer of the blockchain-based recreation Axie Infinity, stated it is going to lay off 21% of its workers — or roughly 50 workers — as a part of efforts to streamline operations and concentrate on core merchandise, TechInAsia has realized.
The agency’s co-founder Nguyen Thanh Trung emphasised in an X submit that the choice was not pushed by monetary pressures, reassuring that the choice is a “strategic move that allows for a sharper focus and positioning Sky Mavis for hypergrowth in 2025 and beyond.”
“The choice to half methods with proficient group members was not made evenly and doesn’t mirror their contributions to Sky Mavis. […] So as to higher concentrate on these merchandise and have the agility wanted to open Ronin in Q1, now we have made the powerful choice to let go of 21% of our workforce.
Nguyen Thanh Trung
Trung additionally shared that Sky Mavis wouldn’t pursue new instructions, stating, “rather than trying to build products for all users, we are doubling down on what makes Sky Mavis truly exceptional.” Because of this, the sport developer will concentrate on the Ronin pockets and increasing the Ronin Community “for more builders.” Following the information, the value of the Axie Infinity (AXS) token plunged 3.78%.
Based in 2018, Sky Mavis operates a play-to-earn mannequin the place gamers buy monsters in addition to earn non-fungible tokens and in-game forex. In 2022, North Korea-affiliated hackers launched a multi-level social engineering assault on the corporate, resulting in a $600 million loss. In response, Sky Mavis shifted to a free-to-play mannequin.
