The Sandbox, a subsidiary of Animoca Brands, is undergoing a significant restructuring as its co-founders, Arthur Madrid and Sebastien Borget, transition to new strategic roles. Madrid has moved from CEO to chairman, while Borget assumes the position of global ambassador, representing the company at various industry events. The restructuring includes staff layoffs, although specific numbers were not disclosed. Borget emphasized the need for these changes to harness advancements in artificial intelligence, which will enable The Sandbox to operate more efficiently with a leaner team. Despite the layoffs, the core mission to empower creators and support the token economy remains unchanged, alongside upcoming initiatives related to a potential memecoin launchpad. Reports have suggested that as much as 50% of the staff may be affected by these layoffs, raising concerns about the company's direction. Nonetheless, Borget assured that both co-founders will continue to be significantly involved in shaping The Sandbox's future, with further announcements expected later this year.

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