There are quite a few market rumors today. The leading metaverse company Sandbox, located in Hong Kong, is reported to be laying off 50% of its staff. At the same time, both the CEO and co-founder have stepped down, and some offices have already closed.

Based on the initial count of 250 employees at the beginning of the year, it is expected that more than 120 members will be included in the layoff plan.

A reflection of the imitation season. $SAND