Sky Mavis, creator of blockchain-based games Axie Infinity and Ronin Network, has laid off 21% of its workforce as part of a strategic realignment.
The company said the decision was not related to financial constraints and was instead intended to streamline focus on key projects.
Along with the layoffs, Sky Mavis announced plans for a new set of Axie Infinity games to be released in early 2025, signaling a shift in priorities for the company.
Source: Sky MavisWorkforce reduction and strategic focus
On November 23, Sky Mavis co-founder Nguyen Thanh Trung announced the layoffs, calling it a “difficult decision.” The cuts affect 21% of the company’s workforce. Trung emphasized that the layoffs were not due to financial issues but to align the company’s resources with long-term plans.
Sky Mavis will now prioritize key projects including Axie Infinity, Ronin wallet, Mavis Marketplace development, and expanding web3 game publishing efforts.
The announcement also cited the broader regulatory environment, with Trung expressing optimism about recent developments in the United States, especially following Donald Trump’s presidential victory.
Expected changes in regulatory policy could provide more support for blockchain technology and digital assets. Sky Mavis sees these potential regulatory changes as an opportunity to strengthen its products and expand its reach in the blockchain gaming industry.
Source: Axie InfinityWhat do you know about the new Axie Infinity Game?
The company has confirmed that a new Axie Infinity game is in development and is scheduled for release in the first quarter of 2025.
According to Sky Mavis, the upcoming game will incorporate lessons learned from the original Axie Infinity to improve the user experience.
No details about the game’s features or target audience have been revealed, but it is expected to be built on the company’s existing blockchain gaming framework.