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Sandbox Founder Steps Down and Cuts Workforce by 50%, Shifts Focus to Web3 Applications and Launchpad Projects
Summary: According to The Big Whale, Sandbox founders Arthur Madrid and Sébastien Borget have stepped down from daily operations, with Robby Yung of Animoca Brands taking over as CEO. Borget will serve as global ambassador, while Madrid becomes non-executive chairman. The company has also laid off over 50% of its workforce in Argentina, Uruguay, South Korea, ...
According to The Big Whale, Sandbox founders Arthur Madrid and Sébastien Borget have stepped down from daily operations, with Robby Yung of Animoca Brands taking over as CEO. Borget will serve as global ambassador, while Madrid becomes non-executive chairman. The company has also laid off over 50% of its workforce in Argentina, Uruguay, South Korea, Thailand, and Turkey, with plans to close the Lyon office in France and further layoffs in Paris. This restructuring is seen as a strategic adjustment driven by technological advancements. Additionally, The Sandbox is gradually shifting away from its metaverse business towards broader Web3 applications, including a memecoin launchpad platform based on Base.
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Link: Sandbox Founder Steps Down and Cuts Workforce by 50%, Shifts Focus to Web3 Applications and Launchpad Projects [Copy]
