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.
Story Highlights The live price of the Chiliz token is . Chiliz price could soar to a maximum of $0.15 by the end of 2024. CHZ price with a potential surge could go as high as $2.67 by the end of 2030.
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.
Binance announces the cancellation of the planned fourth airdrop snapshot for Chiliz (CHZ) holders, affecting the distribution of 1000PEPPER tokens.
Chiliz chief strategy officer Max Rabinovitch recently discussed Ethereum co-founder Vitalik Buterin's efforts to address centralization in Ethereum's validation structure. In an interview with crypto.
Chiliz has announced that its SportsFi platform, Socios.com, has received preliminary approval from the Malta Financial Services Authority (MFSA) for a Class 3 Virtual Financial Assets Act (VFAA) license, allowing it to provide digital asset services.
Despite a recent pullback, AXS is set for a strong recovery.
While Class 3 license holders cannot operate a VFA exchange, Socios.com will provide various VFA services, including asset custody.
Socios.com secures Malta's in-principle approval for a class 3 crypto license.
A Class 3 VFAA license would allow Socios.com to provide any digital asset service and hold or control clients' assets as they provide a virtual financial asset service.
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.
Cryptocurrency Prices Today, October 16: The broader market's movement on Wednesday sparked mixed speculations globally. While Bitcoin (BTC) price topped the $67K level over the past day, top altcoins mainly illustrated a volatile movement.
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 global crypto market staged a recovery last week, posting a 2.79% increase and closing with a market capitalization of $2.21 trillion. This surge added $60 billion to the market's overall valuation.
Chiliz (CHZ) has recently showcased a remarkable resurgence, adding over 10% to its price and securing its spot as the top gainer among the top 100 cryptocurrencies. As the cryptocurrency market experiences rising volatility, many are left wondering if CHZ can sustain this momentum and potentially reach its yearly high of $0.170 in the upcoming quarter.
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.
The mix of signals from the data from the past 24 hours showed that the short-term bias was bearish.
On the latest episode of the Hashing It Out podcast, VeChain and Puffpaw execs discuss how blockchain can incentivize positive behavior changes.
CHZ, the native cryptocurrency of the sports blockchain platform Chiliz, is witnessing a strong surge following crypto exchange Binance announcing support for the airdrop of the PEPPER crypto token with some exciting rewards to Chiliz holders. As a result, the Chiliz price has shot up by 13% moving all the way to $0.07227 with its
It's an airdrop season! Before any airdrop, the platform receives huge attention as the traders jump in to accumulate at discounted prices. A similar trend has been observed as yet another airdrop is making huge rounds within the markets. Chiliz, which displayed a remarkable rise from $0.01 to as high as $0.
After displaying a consolidated price action for a brief period, the Chiliz price has regained momentum by adding over 10% to its portfolio within a short period. With this, this altcoin has secured the first position in the daily top gainers list among the top 100 cryptocurrencies.
Binance has hinted at the support for the Pepper airdrop for Chiliz holders.
Chiliz, the largest blockchain network for sports and entertainment, surged to its highest point in three months. The Chiliz (CHZ) token broke a crucial resistance, reaching an intraday high of $0.072, its highest level since July 22.