Axie Infinity maker Sky Mavis trims 21% of workforce

Quick Summary:

Sky Mavis CEO Nguyen Trung insisted that the layoffs aren’t due to financial constraints, but Axie Infinity NFTs have lost 99.99% of their 2022 value.

The post Axie Infinity maker Sky Mavis trims 21% of workforce appeared first on CoinGeek.

But in March 2022, hackers drained over $600 million from the Ronin Network, Axie’s Ethereum sidechain.

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Article Details

Author / Journalist: Steve Kaaru

Category: Crypto

Markets: CanadaPhilippines

Topics: Nguyen Thanh Trung Gaming Play-to-earn Sky Mavis Layoff Blockchain Gaming Axie Infinity Non-fungible Tokens Business

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-28 @ 02:00:00 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: coingeek.com

Language: English

Article Length: 566 words

Reading Time: 4 minutes read

Sentences: 25 lines

Sentence Length: 23 words per sentence (average)

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

Copyright Owner: © CoinGeek

News ID: 23911929

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