According to TechFlow, on November 25, according to Techinasia, blockchain game company Sky Mavis announced a 21% layoff of its employees, involving about 50 employees. Nguyen Thanh Trung, co-founder of the company, said that the layoffs were not due to financial pressure, but to refocus on core products and long-term development strategies. Affected employees will receive severance pay and job placement support.

Sky Mavis was founded in 2018 and is known for developing Axie Infinity, which promoted the "play-to-earn" model during the epidemic. The company suffered a $600 million hack in 2022 and has since shifted its game model to free play.