Key takeout
- Sandbox unleashes more than 50% of its workforce and is away from the Metaverse Project.
- The company will soon be unveiling Meme Coin Launchpad on base.
Sandbox, a well-known metaverse and NFT platform backed by the Animoca brand, is undergoing major restructuring and executive transitions, according to a new report from Big Whale, a French-based media outlet that covers the crypto and Web3 ecosystem.
🔴 + @thebigwhale_
Metaverse @TheSandBoxGame has laid off more than 50% of its staff, and founders are pushed aside
The base MemeCoin LaunchPad (modeled after @pupdotfun) is due to be announced soon pic.twitter.com/ke46tg2pcf
– Gregory Raymond 🐳 (@gregory_raymond) August 27, 2025
The company cuts the global workforce by 50%. The layoffs will affect teams in Argentina, Uruguay, South Korea, Thailand and Türkiye. The company will also close its Lyon office in France.
As reported, Sandbox co-founders Arthur Madrid and Sebastian Bolgett are backing from their day-to-day operations. Animoca Brands CEO Robby Yung has been appointed as the company’s new CEO.
Sandbox is said to be pivoting out of Metaverse’s ambitions for Web3 applications. The company plans to introduce Meme Coin Launchpad to its base.
Positioned as a major metaverse project where users can purchase virtual land, build structures, build host events and trade NFTs, Sandbox is reorienting amid the decline engagement on the metaverse platform following the 2021-2022 boom.
Sandbox’s native token, changed hands at $0.28 at press, down about 97% from its $8.4 peak in November 2021.