The Sandbox, a Metaverse-focusing subsidiary of Hong Kong-based on the web3 firm Animoca Brands, is rearranging its operations, along with co-founders moving into new strategic papers.
Co-founders Arthur Madrid and Sebastien Borget moved as part of the ongoing Sandbox business optimization, Borget told Cointelegraph on Thursday.
Co-founder Madrid has moved from the CEO to the chairman, while the Borget takes on the role of the Global Ambassador, which represents the sandbox in industrial events worldwide.
“Both remain deeply involved in its sandbox and ecosystem, with major initiatives to announce later this year through appropriate channels,” Borget said.
AI programs have triggered the staff of the trimming
As part of the repair, the sandbox removes staff, Borget confirmed to the cointelegraph, even though he did not provide specific numbers.
“As the Sandbox grows older, we continue to optimize our operations for maximum efficiency,” the executive said, adding that a major part of this approach involves eliminating the advancements of artificial intelligence.
“The impact of AI’s advances in gaming is well -documented, and allows us to speed up our deployment of content, features, and lives while maintaining a thinner, more agile team,” Borget said, and adding:
“While decisions affecting staff are undoubtedly difficult and less less, it is necessary to adapt to technology advances and ensure the long -term success of the sandbox,” he said.
In addition to AI advances, sandbox will also benefit from integrating resources and shared services from the Animoca brands, Borget told Cointelegraph.
Reports were directed to 50% disappearance
Borget’s statement followed in earlier reports stating that the sandbox was removing at least 50% of its staff, along with the founders pushed.
In addition, the platform is potentially planning to easily announce a memecoin launchpad to Layer-2 network base of coinbasethat -model after Solana based on pump.fun marketplace Allows to create and distribute tokens.
While Borget refused to “think of rumors in the market” about the future initiatives of the Sandbox and Animoca, the Exec emphasized that companies remain focused on empowering the creators and the growth of their token economy as their main mission.
“The virtual ownership of the sandbox, including $ sand tokens, lands, NFT collections, and various ecosystem collections, remains unchanged,” he added.
Brayden Lindrea’s additional report.
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