Animoca’s Sandbox overhauls as co-founders confirm new strategic roles

The Sandbox, a metaverse-focused subsidiary of Hong Kong-based Web3 steadfast Animoca Brands, is restructuring its operations, with its co-founders moving into caller strategical roles.

Co-founders Arthur Madrid and Sebastien Borget person transitioned arsenic portion of ongoing concern optimization astatine The Sandbox, Borget told Cointelegraph connected Thursday.

Co-founder Madrid moved from CEO to chairman, portion Borget takes connected the relation of planetary ambassador, representing The Sandbox astatine manufacture events worldwide.

“Both stay profoundly progressive successful The Sandbox and its ecosystem, with cardinal initiatives to beryllium announced aboriginal this twelvemonth done the due channels,” Borget said.

AI advancements trigger unit trimming

As portion of the restructuring, The Sandbox is laying disconnected staff, Borget confirmed to Cointelegraph, though helium did not supply circumstantial numbers.

“As The Sandbox matures, we are continuously optimising our operations for maximum efficiency,” the enforcement said, adding that a cardinal portion of this strategy involves deploying advancements of artificial intelligence.

The Sandbox’s Sebastien Borget posted pictures adjacent to G-Shock creator Kikuo Ibe connected Thursday. Source: Sebastien Borget

“The interaction of AI advancements successful gaming person been good documented, and allows america to accelerate our deployment of content, features, and LiveOps portion maintaining a leaner, much agile team,” Borget said, adding:

“While decisions that interaction unit are undoubtedly hard and not made  lightly, they are indispensable to accommodate to technological advances and guarantee The Sandbox’s semipermanent success,” helium said.

In summation to AI advancements, The Sandbox volition besides payment from the integration of resources and shared services from Animoca Brands, Borget told Cointelegraph.

Reports pointed to 50% layoffs

Borget’s connection followed connected earlier reports alleging that The Sandbox was laying disconnected astatine slightest 50% of its staff, with the founders being pushed aside.

Additionally, the level is perchance readying to soon denote a memecoin launchpad connected Coinbase’s layer-2 web Base, modeled aft the Solana-based Pump.fun marketplace allowing to make and administer tokens.

Source: Grégory Raymond

While Borget declined to “speculate connected marketplace rumors” regarding the aboriginal initiatives of The Sandbox and Animoca, the exec emphasized that the companies stay committed to empowering creators and the maturation of their token system arsenic their halfway mission.

“The Sandbox’s virtual assets, including the $SAND token, LANDs, NFT collections, and assorted assets wrong its ecosystem, stay unchanged,” helium added.

Additional reporting by Brayden Lindrea.

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