The Sandbox (Sand), the developer of Ethereum-based metaverse video games, responded to current claims that “basis companions have been rejected” and “firm downsizing.”
In accordance with studies from Cryptocurrency Media, Sandbox co-founders Arthur Madrid and Sébastien Borget have moved from administration roles to different positions. It was additionally reported that Robby Yung, CEO of mother or father firm Animoca Manufacturers, had been appointed as Sandbox's new CEO two weeks in the past. The allegations additionally alleged that greater than half of the corporate's 250 workers have been fired and 5 or 6 places of work have been closed.
In an official assertion, the Sandbox staff emphasised that the information report comprises “inaccurate and unexamined statements.” The assertion included:
- Co-founder position: Arthur Madrid is at the moment CEO of Sandbox and Sebastian Bolgett is the world ambassador. Borget continues to signify the platform globally.
- New CEO: Robby Yung, CEO of Investments at Animoca Manufacturers, has been appointed as the brand new CEO of The Sandbox. Yung has been intently concerned within the challenge for the reason that 2018 merger of Animoca-Sandbox.
- Construction Change: The corporate has moved to a extra “environment friendly and agile” staff construction centered on AI-powered sport improvement and operations. In consequence, some places are closed. Nonetheless, the builders reportedly say that almost all closed places of work are literally small areas run by one to a few freelancers. The sandbox nonetheless maintains its official presence in 9 completely different places.
- Future Plans: Sandbox and Animocha manufacturers remained dedicated to their mission to empower content material creators, claiming there might be no modifications to the sand, land and the NFT ecosystem. “The sandbox just isn’t closed. We’re absolutely dedicated to the challenge,” the assertion mentioned.
Opposite to hypothesis, the developer argued that Sandbox had not deviated from its central purpose and that efforts have been underway to develop the ecosystem.
*This isn’t funding recommendation.
