cryptodnes.bg
Sky Mavis, the developer behind Axie Infinity, is reducing its workforce by 21%, a move that will impact about 50 employees from its global team of 250.
This decision is part of a strategic shift aimed at positioning the company for growth in the upcoming year. CEO Trung Nguyen clarified that the layoffs were not driven by financial difficulties but were intended to sharpen the company’s focus for future expansion.
In an update shared via social media, Nguyen emphasized that the layoffs reflect a change in priorities as the company works to strengthen key initiatives. These include advancing the Ronin Network, enhancing its wallet service, expanding the Mavis Marketplace, and further developing Axie Infinity, including a new installment of the popular game.
Founded in 2018, Sky Mavis gained significant attention during the pandemic when Axie Infinity became a massive success, attracting millions of daily active users and generating hundreds of millions in NFT trading volume.
Despite the setback from a major hack in 2022, which saw the Ronin network lose $600 million, Sky Mavis remains committed to its mission of driving innovation in Web3, with an optimistic view of the future as cryptocurrency-friendly policies gain momentum.