Sky Mavis, the company behind the NFT game Axie Infinity, announced a substantial layoff, letting go of 21% of its employees. Co-founder Nguyen Thanh Trung shared this decision via a tweet on November 23, emphasizing that it was not due to financial issues but a strategic move to refocus the company's efforts. The company aims to prioritize its long-term plans, which include enhancing the Ronin wallet, the Mavis marketplace, and launching new Web3 projects and a new game in 2025. Despite the layoffs, the overall crypto industry is experiencing notable developments, with increasing adoption and anticipated changes in regulatory landscapes, driven in part by political shifts in the United States. Trung's comments reflect a belief in the potential for growth and innovation in the Web3 space as crypto-friendly policies take shape.

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