Wu said that according to The Big Whale, The Sandbox co-founders Arthur Madrid and Sébastien Borget have exited day-to-day operations, with Animoca Brands executive Robby Yung taking over as CEO. The company has laid off over 50%, affecting teams in Argentina, Uruguay, South Korea, Thailand, Turkey, and others, with the Lyon office in France set to close and reductions also planned for Paris. In the future, Sandbox will shift away from the metaverse direction and move towards Web3 applications, planning to launch a meme token launch platform based on Base.