Sky Mavis, the developer of blockchain-based video games Axie Infinity and Ronin Community, has laid off 21% of its workforce as a part of a strategic realignment.

The corporate stated the choice was unrelated to monetary constraints and was as an alternative aimed toward streamlining its deal with main initiatives.

Alongside the job cuts, Sky Mavis introduced plans for a brand new Axie Infinity recreation scheduled for launch in early 2025, signaling a change within the firm's priorities.

Headcount discount and strategic focus

On November 23, Sky Mavis co-founder Nguyen Thanh Trung introduced the layoffs, calling it a “tough choice.” The cuts will have an effect on 21% of the corporate's workforce. Chun confused that the job cuts weren’t brought on by monetary issues, however have been aimed toward aligning the corporate's assets with long-term plans.

Going ahead, Sky Mavis will prioritize key initiatives together with Axie Infinity, Ronin Pockets, Mavis Market improvement, and increasing its Web3 recreation publishing efforts.

The announcement additionally addressed the broader regulatory setting, with Chung expressing optimism about latest developments, notably in the USA following Donald Trump's presidential election victory.

Anticipated regulatory coverage adjustments might additional strengthen assist for blockchain know-how and digital property. Sky Mavis sees these potential regulatory adjustments as a possibility to strengthen its companies and develop its attain within the blockchain gaming trade.

What do we all know concerning the new Axie Infinity recreation?

The corporate confirmed {that a} new Axie Infinity recreation is in improvement and scheduled for launch within the first quarter of 2025.

Sky Mavis says the subsequent recreation will incorporate classes discovered from the unique Axie Infinity to enhance the person expertise.

Particulars concerning the recreation's options and audience haven’t been disclosed, however it’s anticipated to be constructed on the corporate's current blockchain recreation framework.