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The Sandbox Loses Founders Amid Company Overhaul

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A stylized employee in The Sandbox voxel avatar style, half-human, half-pixelated, is in the glass corridor of a high-tech open space inspired by a Web3 startup’s offices. Off balance, on his knees, he tries to catch a departing box that is falling.

While Web3 seeks to reinvent itself after the bursting of the speculative bubble, The Sandbox is going through a major crisis. The French pioneer of the blockchain metaverse has just announced the layoff of more than half of its workforce and the eviction of its two co-founders. This brutal restructuring occurs in a climate of growing disinterest in 3D virtual worlds and is accompanied by a spectacular drop in the project valuation, now forced to rethink its future.

L’article The Sandbox Loses Founders Amid Company Overhaul est apparu en premier sur Cointribune.

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