The Sandbox Restructures: Cuts Half of Workforce and Appoints New CEO

The Sandbox restructures, cuts 50% of staff, appoints new CEO.

The metaverse platform The Sandbox has undergone significant restructuring, replacing its leadership and reducing its workforce by 50%, according to the French publication The Big Whale.

🔴 Exclusive @TheBigWhale_

The metaverse @TheSandboxGame is laying off more than 50% of its staff and the founders have been pushed aside

A memecoin launchpad on Base (modeled after @pumpdotfun) is expected to be announced soon pic.twitter.com/kE46tG2PCF

— Grégory Raymond 🐳 (@gregory_raymond) August 27, 2025

The layoffs will affect teams in Argentina, Uruguay, South Korea, Thailand, and Turkey. The company will also close its office in Lyon.

Co-founders Arthur Madrid and Sebastien Borget will step back from operational management. The new CEO of The Sandbox will be Robby Yung, head of the Web3 company Animoca Brands.

According to the publication, the project team plans to launch a memecoin launchpad on the Base blockchain.

The Sandbox is revising its strategy amid declining interest in metaverses following the boom of 2021-2022.

The native token SAND is trading at $0.28. The asset has fallen 96.6% from its peak of $8.4, reached in November 2021.

Back in June 2024, The Sandbox completed a $20 million funding round with support from Animoca Brands.