Sky Mavis, the creator of Axie Infinity and the Ronin blockchain, is laying off 21% of its staff as part of a strategic shift. CEO Trung Nguyen clarified that the move is not due to financial issues but aims to align resources with the company's long-term vision for growth by 2025. Affected employees will receive severance and job support. The company plans to focus on developing a new Axie game, enhancing the Ronin Wallet, and expanding the Ronin Network. Despite these plans, Axie Infinity's NFTs and tokens have seen significant value declines recently.