Sky Mavis, the creator of the blockchain-based game Axie Infinity and the Ronin Network, has laid off 21% of its workforce as part of a strategic realignment.

The company stated the decision was unrelated to financial constraints and instead aimed at streamlining its focus on key projects.

Alongside the layoffs, Sky Mavis announced plans for a new Axie Infinity game set for release in early 2025, signaling a shift in priorities for the company.

Workforce Reduction and Strategic Focus

On November 23, Sky Mavis co-founder Nguyen Thanh Trung announced the layoffs, calling it a “tough decision.” The reduction affects 21% of the company’s workforce. Trung emphasized that the layoffs were not driven by financial issues but were intended to align the company’s resources with its long-term plans.

Sky Mavis will now prioritize key projects, including the development of Axie Infinity, the Ronin wallet, the Mavis marketplace, and expanding its web3 game publishing efforts.

The announcement also referenced the broader regulatory environment where Trung expressed optimism about recent developments, particularly in the United States, following Donald Trump’s presidential election victory.

Anticipated changes in regulatory policies could provide more support for blockchain technologies and digital assets. Sky Mavis views these potential regulatory shifts as an opportunity to enhance its offerings and expand its reach in the blockchain gaming industry.

What do we know about the new Axie Infinity Game?

The company confirmed that a new Axie Infinity game is in development and scheduled for release in the first quarter of 2025.

According to a Sky Mavis, the upcoming game will incorporate lessons learned from the original Axie Infinity to improve the user experience.

Details about the game’s features or target audience have not been disclosed, but it is expected to build on the company’s existing blockchain gaming framework.