Foresight News reports that The Big Whale reports that The Sandbox founders Arthur Madrid and Sébastien Borget have exited daily operations, with Animoca Brands CEO Robby Yung taking over as CEO. In the future, Sébastien Borget will serve as Global Ambassador, while Arthur Madrid will become Non-Executive Chairman. At the same time, the company has laid off more than 50%, affecting teams in Argentina, Uruguay, South Korea, Thailand, and Turkey, and plans to close the Lyon office in France. This restructuring is seen as a strategic adjustment driven by technological advancements. Additionally, The Sandbox is gradually phasing out its metaverse business to focus on broader Web3 applications, including a Base-based meme token launch platform.