Chain game Axie Infinity developer Sky Mavis recently announced on Twitter that it has laid off 50 of its employees, with co-founder Trung Nguyen stating that this is a strategic adjustment, not due to financial pressure, but to concentrate resources on core business and prepare for 'rapid growth' in 2025.
Explaining that layoffs are to focus on the future
Nguyen stated that Sky Mavis achieved several important milestones in 2024, and also mentioned that Sky Mavis showed significant growth in the past year, including the Ronin wallet surpassing 10 million downloads, with daily active addresses exceeding 1.1 million, making Ronin the third-largest active blockchain in the world.
Nguyen also pointed out that with the increasing prevalence of crypto-friendly policies, the Web3 space is brewing a new wave of adoption, similar to the massive change when Axie Infinity launched in 2018.
He stated that to remain competitive in a rapidly changing market, Sky Mavis chose to optimize resource allocation, laying off about 50 employees and focusing on core business development. He also indicated that this difficult decision is entirely unrelated to the company's financial situation, but rather to concentrate on the most impactful products for the future.
Nguyen stated that Sky Mavis will concentrate future resources on the following five core areas:
Ronin and Ronin Waypoint wallet: Simplifying user keyless login and asset management.
Mavis Marketplace: Creating a Web3 ecological trading market.
Axie Infinity and the new Axie game: Continuously optimizing the existing game Axie Infinity and launching new titles.
Web3 game publishing: Supporting more game developers and games to enter the market.
Strengthen the expansion of the Ronin ecosystem
Trump's election sparked a crypto boom, but the wave of layoffs in the crypto industry cannot be stopped.
Although Trump's recent election has driven a surge in the crypto market, pushing Bitcoin prices to nearly 100K historical highs, many crypto companies are still laying off employees due to market adjustments, possibly in preparation for 2025. Below is an overview of the layoffs in the crypto industry since Covid-19:
Kraken: 30% layoffs on 10/31 this year, affecting about 1,100 people.
DYDX: 25% layoffs by the end of October this year.
Consensys: 20% layoffs on 10/29 this year, affecting 163 employees.
Polygon: 20% layoffs so far, affecting 100 employees.
Moonpay: 10% layoffs in June this year, affecting 30 employees.
Paxos: 20% layoffs in June this year, affecting 65 employees.
OpenSea: 50% layoffs last November, nearly half.
(The most successful chain game tragedy: Ronin cross-chain has vulnerabilities, making it difficult for Axie Infinity to make a comeback)
This article states that Axie Infinity developer Sky Mavis laid off 21% of its workforce to focus on Ronin development and continue launching new chain games, first appearing in Chain News ABMedia.
