Axie Infinity Developer Sky Mavis Lays Off 21% of Workforce, Announces New Game

In Brief:

Sky Mavis lays off 21% of its workforce to focus on strategic growth and new priorities.

A new Axie Infinity game is set for release in Q1 2025, alongside a focus on the Ronin wallet and Web3 expansion.

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Sky Mavis, the developer of Axie Infinity and the Ronin Network, has announced layoffs affecting 21% of its workforce, a decision the company claims is unrelated to financial struggles. Instead, co-founder Nguyen Thanh Trung described it as a strategic move to focus on long-term goals and position the company for growth in 2025 and beyond.

New Direction and Priorities

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The firm plans to prioritize its Ronin wallet, Mavis marketplace, Web3 game publishing, and a new Axie Infinity game. Scheduled for release in Q1 2025, the game will build on the lessons learned from Axie Infinity's earlier successes and challenges.

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Sky Mavis also expressed optimism about the evolving regulatory landscape in the United States following President-elect Donald Trump’s crypto-friendly policies, which they believe will spur innovation and adoption in blockchain gaming and the broader Web3 ecosystem.

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