The Sandbox metavselnaya platform, supported by Animoca Brands, announced a large -scale restructuring, a change in management and dismissal of more than 50% of employees around the world.

The company will reduce employees in Argentina, Uruguay, South Korea, Thailand and Turkey. The Sandbox also plans to close the office in the French city of Lyon. The co -founders of The Sandbox Arthur Madrid and Sebastien Borget will move away from activity in the company. The head of Animoca Brands Robby Yung was appointed its new general director.

The Sandbox positioned itself as a project of metavselnaya, where users could buy virtual land, build buildings, take events and trade in unexplored tokens (NFT). However, after the excitement to the metavselnaya in 2021–2022, the interest of users in such platforms has decreased significantly, so the company is forced to reorient their activities to the Web3 sector. The Sandbox plans to launch a platform for launching BASE blockchain -based memcoirs.

Now the Native Token The Sandbox – Sand – costs $ 0.28. This is about 97% less than the peak mark of $ 8.4, which the token reached in November 2021. The Sand market capitalization has $ 726.4 million, and the daily volume of Token tenders fell by almost 22% – up to $ 58.5 million.

Last year, an estate with a pool, a bar and a gallery, opened by the famous Forbes magazine, appeared in the Forbes magazine. Earlier, Binance’s largest crypto -rope has stopped supporting collection tokens on Sandbox.