Animoca Brands’ The Sandbox has undergone significant changes, including a leadership shift away from metaverse development and a focus on Web3 and memecoin initiatives. This restructuring significantly impacts the company, its workforce, and related tokens. Key Highlights:** 250+ employees worldwide have been let go as part of a global workforce reduction aimed at optimizing resources. The Sandbox’s SAND token value has experienced a sharp decline since its peak. Market Implications: This restructuring follows a shift in market dynamics within the crypto landscape and reflects the wider challenges for metaverse projects like The Sandbox. Animoca Brands, now focusing on Web3 initiatives, plans to launch a memecoin project on Base, according to Arthur Madrid, non-executive chairman of The Sandbox. Comparisons: This move echoes Decentraland’s adjustments following its post-2021 slump, highlighting similar long-term valuation challenges for SAND and related NFTs. The Sandbox’s strategy will likely rely on innovative market reengagement and strategic clarity for a potential recovery.