Axie Infinity Creator Cuts 21% of Staff Despite Year of ‘Valuable Growth'

Quick Summary:

Sky Mavis has laid off 21% of its workforceThe web3 firm said the decision was not related to its finances.

It is also working on a new Axie game.

Going forward the company will focus on its core products rather than trying to build products for all users, he said.

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Article Details

Author / Journalist: Callan Quinn

Category: Crypto

Markets: United StatesChinaCubaGeorgiaHong KongMaliNorwaySingaporeVietnam

Topics: Staff Infinity Coindesk Crypto Mavis Products Co-founder Axie Nguyen Year Web3

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-25 @ 06:13:15 (11 hours ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 300 words

Reading Time: 2 minutes read

Sentences: 29 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 23815941

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