Vital factors
- Sandbox lays off over 50% of its staff and distances itself from the Metaverse challenge.
- The corporate plans to launch a meme coin launcher on Base quickly.
Sandbox, the high-profile metaverse and NFT platform backed by Animoca Manufacturers, is present process main restructuring and government adjustments, in keeping with a brand new report from The Massive Whale, a France-based outlet overlaying cryptocurrencies and the Web3 ecosystem.
🔴Unique @TheBigWhale_
Metaverse @TheSandboxGame lays off over 50% of workers, founders sidelined
Meme coin launch pad on Base (modeled after @pumpdotfun) shall be introduced quickly pic.twitter.com/kE46tG2PCF
— Gregory Raymond 🐳 (@gregory_raymond) August 27, 2025
The corporate is decreasing its workforce by 50% worldwide. The layoffs will have an effect on groups in Argentina, Uruguay, South Korea, Thailand and Türkiye. The corporate additionally plans to shut its Lyon, France workplace.
As reported, Sandbox co-founders Arthur Madrid and Sébastien Borge have stepped again from day-to-day operations. Animoca Manufacturers CEO Robby Yung has been named the corporate’s new CEO.
Sandbox is alleged to be pivoting from its Metaverse ambitions to Web3 purposes. The corporate plans to introduce a meme coin launcher on Base.
Sandbox, as soon as positioned as a serious Metaverse challenge the place customers might purchase digital land, construct buildings, host occasions, and commerce NFTs, is altering course as engagement with the Metaverse platform wanes after the 2021-2022 growth.
SAND, The Sandbox’s native token, is buying and selling at $0.28 on the time of writing, down about 97% from its November 2021 peak of $8.4, in keeping with CoinGecko information.
