The firm's founder has stressed that the layoffs are not financially motivated.

VeChain (VET) has maintained strong gains across multiple timeframes despite recent daily correction, with technical analysts projecting a potential 30% price increase to $0.056 by early 2025.

Sky Mavis is pushing for growth, and as part of this restructuring, it has downsized its workforce.

Axie Infinity creator Sky Mavis lays off 50 employees as part of broader efforts to adapt post-hack and market shifts.

Sky Mavis co-founder and CEO Trung Nguyen said resources freed up from the layoffs will be used in a new Axie Infinity game and other projects.

Sky Mavis cut 21% of its workforce to focus on core products, with the CEO claiming it wasn't due to financial issues. The post Axie Infinity Creator Sky Mavis Lays Off 21% as Part of Restructuring appeared first on Cryptonews.

Sky Mavis has laid off 21% of its workforce The web3 firm said the decision was not related to its finances.

The layoff reflects a strategic move to focus on its projects, including a new Axie Infinity game, according to its CEO.

This week's 'top cryptocurrencies to watch' are all from the gaming market segment: Sandbox, MANA and Axie Infinity.

VeChain (VET) has been on a tear lately, surging over 45% in the last 24 hours.

VeChain (VET) has had a rough ride, stuck in a downward trend for months. But recently, it's starting to show signs of life. After seven months, VET has broken out, riding the wave of a broader crypto market recovery. But is this a sign of something bigger? Let's take a closer look.

Axie Infinity (AXS) and Smooth Love Potion (SLP) tokens have crawled back in the past few days as the ecosystem started to bounce back. The SLP coin was trading at $0.0035 on Friday, up by 65% from its lowest point this year. Similarly, the Axie Infinity coin was trading at $5.

VeChain's price breakout sparks excitement, but sustaining momentum hinges on critical resistance levels.

The altcoin is in pump by +35% compared to a month ago.

VeChain (VET), a prominent altcoin known for its supply chain solutions, has seen an impressive rally this week. The surge came on the back of Bitcoin's meteoric rise, hitting a new all-time high of $82,379.

VeChain (VET), a prominent blockchain project focused on supply chain logistics, has been gaining attention due to its unique partnerships with major companies like Walmart, BMW, and Microsoft. This has prompted many investors to wonder: Can VeChain's token, VET, hit $0.10 by 2030?

VeChain has recorded a 42.6% weekly gain amid positive market sentiment following Trump's election victory, though analysts differ on price targets ranging from $0.028247 to $0.15 for the near term.

VET and VTHO registered massive price hikes in the recent past, but their fates may be different.

VeChain announces the deprecation of legacy developer tools as they shift focus to the new VeChain SDK, aiming to enhance the VeChainThor development ecosystem.

Sunny Lu is the co-founder and CEO of VeChain, focusing on blockchain solutions for supply chain management. He previously served as CIO at Louis Vuitton China, where he developed an interest in blockchain technology.

VeChain releases its combined Q2-Q3 2024 financial report, showcasing treasury performance, strategic initiatives, and future growth prospects amid regulatory developments.

Despite a recent pullback, AXS is set for a strong recovery.

Are NFTs making a comeback? Following the surge in BAYC's ApeCoin after the ApeChain launch, investment is now shifting towards Axie Infinity, The Sandbox, and emerging layer-2 blockchains.

Two popular tokens, Axie Infinity (AXS) and Sandbox (SAND), have seen significant price increases recently. This uptick comes as the entire crypto market experiences a rally, with Bitcoin testing the crucial price level of $69,000.

New interest in crypto gaming has play-to-earn game Axie Infinity (AXS) up as bulls celebrate upside momentum. It's an outlook that's also catalysed interest in Dogizen (DOGIZ). This tap-to-earn game has captured investor attention with the first-ever Telegram ICO.

The crypto market has recorded a jump of ~2% in the past day, resulting in the Bitcoin price retesting its $69,000. Following this, the Metaverse and the gaming industry have regained momentum with many projects retesting their important resistance levels.

Story Highlights The live price of the VeChain token is . VET price could have a maximum value of $0.0776 in 2024. VeChain price with a potential surge could go as high as $0.300 by 2030.

AXS Unlock date - Oct 14th 2024 Number of tokens unlocked- 12.58 million AXS (4.66% of its circulating supply) Current Circulating Supply - 152.23 million million AXS Token distribution Staking rewards - 2.45M tokens (3.13%) Teams - 5.74M tokens (10.1%) P2E - 2.70M tokens (5%) Ecosystem - 1.69M tokens (7.81%) Source - cryptorank.

Significant token unlock events will take place this week - Arbitrum alone will unlock $51 million worth of tokens.

The Web 3 game Axie Infinity saw an increase of 11.34% of its staked AXS in one year. From October 1st 2023 till October 2024, the amount of staked AXS has gained 5,956,719 AXS.

The cryptocurrency universe prepares for another bearish market wave for certain altcoins, raising investor concerns globally. Recent data from the Token Unlocks app indicated that nearly $300M worth of tokens are set to be released into the market over the coming week.

On the latest episode of the Hashing It Out podcast, VeChain and Puffpaw execs discuss how blockchain can incentivize positive behavior changes.

VeChain launches VeBetterDAO Super-User Challenge offering ATP Finals tickets and €4k budget, promoting sustainable actions via blockchain apps.

VeChain introduces VePassport to combat sybil farming and outlines future developments for VeBetterDAO, including GM NFT upgrades and node endorsements.

VC honcho Horowitz is hopeful that a Harris presidency will be a breath of fresh air and plans to donate to her presidential campaign.

Contrary to the anticipated “Uptober” rally, the cryptocurrency market has experienced a significant downturn, largely driven by geopolitical tensions in the Middle East. Major assets have seen their values decline, with some retesting multi-week lows.

As the altcoin market witnesses a resurgence in activity, tokenized real-world assets (RWA) are worthy of your attention as a trader.

Crypto platform Abra has brought on a venture capitalist veteran to be co-chairman of its board of directors.

UFC and VeChain announce a strategic partnership to advance the VeBetter ecosystem, promoting sustainability through blockchain technology.

VeChain (VET), a prominent player in the blockchain space, has captured significant attention due to its utility and growing partnerships. Currently priced at $0.0215, the question on many investors' minds is whether VET can reach $0.10 in 2024.

VeChain approaches key $0.05 resistance - is a major breakout coming?

TL;DR The SEC expands its lawsuit against Binance, now classifying tokens such as Axie Infinity (AXS), Filecoin (FIL), and Cosmos (ATOM) as unregistered securities. Binance and its subsidiary BAM Trading are accused of promoting these tokens as investments without complying with the necessary regulations.

The SEC's latest lawsuit update targets additional tokens like Axie Infinity, Filecoin, and Cosmos as unregistered securities, continuing its crackdown on the crypto industry.

The cryptocurrency space continues to hunt for innovation and new technology to expand its global utility. With Oracle CTO Larry Ellison projecting a $100B boom in Artificial Intelligence (AI), investors focus on recently shifting crypto coins poised to ride this wave.

It was another dull week in the cryptocurrency market as the crypto fear and greed index slipped to the fear zone of 37 while Bitcoin remained in a consolidation phase. Bitcoin was trading below $60,000 while Ethereum fell below $2,500. This article looks at Tron (TRX), VeChain (VET), and Helium (HNT).

The recent turmoil within the market has dragged the majority of the tokens below the crucial support levels. Meanwhile, some of the altcoins like FTM, AI tokens like FET or memecoins like WIF have been displaying significant strength.

Explore an in-depth examination of RWA Coins price outlook in the current market context. The article provides expert insights and anticipations based on recent market trends and cryptocurrency forecasts.

Discover the top five key coins that cryptocurrency experts predict will rally this autumn. Get expert advice and insights on their potential for growth, and learn how you can benefit from these imminent rallies.