Sky Mavis, the developer of the Web3 game Axie Infinity and the Ronin blockchain, announced a layoff of 21% of its workforce as part of a strategic alignment. Co-founder and CEO Trung Nguyen clarified that these layoffs are a shift in priorities, not a reflection of financial distress, and indicated that the resources saved will support the development of a new Axie Infinity game and other projects. Nguyen emphasized that this decision is aimed at positioning Sky Mavis for growth in 2025 and beyond. The company also intends to focus on the Ronin Wallet, Mavis Marketplace, and expanding the Ronin Network. Despite being unrelated to financial health, the company's blockchain assets have experienced significant value declines; Axie NFTs, once valued above $700, are now approximately $0.33, while the Axie Infinity token has fallen from an all-time high of $164.90 to around $8.07.

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