Sky Mavis, the developer of Axie Infinity and the Ronin blockchain, is reducing its workforce by 21%. This is a "shift in priorities," not financial issues, assures CEO Trung Nguyen. The freed resources will go towards new projects, including a new Axie game. 📉

Although the company claims that the layoffs are not related to finances, the value of Axie Infinity tokens and NFTs has significantly fallen from peak levels.