The Sandbox, a prominent Ethereum-based metaverse land game, is undergoing significant restructuring, including layoffs affecting over half of its 250 staff members. The company's co-founders, Sébastien Borget and Arthur Madrid, have been stripped of their executive powers and reassigned to ambassador and chairman roles, respectively. Animoca Brands, The Sandbox’s main investor, appointed Robby Yung as the new CEO. Borget noted that the layoffs are partially driven by advancements in generative AI in gaming, which enable a leaner team. Several international offices in locations including France, Argentina, South Korea, and Uruguay are expected to close. Despite raising substantial funds, The Sandbox struggles to attract users, with many of its reported daily players described as bots. The company is pivoting towards developing cryptocurrency applications, launching a new memecoin-focused platform. Overall, this situation raises questions about the viability of The Sandbox’s metaverse aspirations.

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