The Sandbox is undergoing significant restructuring as founders Arthur Madrid and Sébastien Borget step down from daily operations. Animoca Brands executive Robby Yung will assume the role of CEO, with Borget transitioning to a global ambassador role and Madrid becoming non-executive chairman. The company is laying off over 50% of its workforce, impacting teams in Argentina, Uruguay, South Korea, Thailand, and Turkey, and plans to close its Lyon office with additional layoffs in Paris. This strategic shift marks a de-emphasis on The Sandbox's metaverse business, pivoting towards broader Web3 applications. The company is focusing on developing a memecoin launch platform based on Base, reflecting a realignment driven by technological advancements.