The Sandbox (@TheSandboxGame): Response to Recent News About Changes at The Sandbox:

Response to Recent News About Changes at The Sandbox: Media reporting about recent updates at The Sandbox has included various inaccurate or out-of-context claims, despite the fact that we provided some of those media outlets with information and clarification prior to publishing. Below are the major points. Co-Founders and new CEO: The Sandbox’s co-founders Arthur Madrid and Sebastien Borget have transitioned to new strategic roles. Both of them remain deeply involved in The Sandbox and its ecosystem. Arthur is now the chairman of The Sandbox, and Sebastien is the global ambassador, a role that fully enables him to represent The Sandbox online as well as in conferences and events around the world. Robby Yung, CEO of Investments at Animoca Brands and one of the directors of The Sandbox, has been appointed as CEO of The Sandbox. Robby is a founding member of Animoca Brands and also a member of its executive committee. He has been instrumental in guiding Animoca Brands through its various stages of development, providing exceptional leadership in its many investments and acquisitions, and has worked closely with the executive management of The Sandbox since its acquisition by Animoca Brands in 2018. Restructuring: As The Sandbox matures, we are continuously optimising our operations. This involves leveraging advancements in AI, particularly in game development and operational support. The impact of AI advancements in the gaming industry has been well documented: AI allows us to accelerate deployment of content, features, and LiveOps while maintaining a leaner, more agile team. Additionally, The Sandbox will benefit from the closer integration of resources and shared services from Animoca Brands. While decisions that impact personnel are always difficult and are never made lightly, they are necessary for us to adapt to technological advances and ensure The Sandbox’s long-term success. Proper context is also important. For example, while the oft-repeated claim that The Sandbox is closing down “5-6 offices” sounds extremely serious out of context, the reality is that: We deprecated our presence in five locations in order to optimize The Sandbox’s global operations. The term “office” is misleading, as multiple of these locations were staffed by between one to three freelance contractors working remotely or in coworking spaces, which was not considered efficient. The functions of all deprecated locations are being consolidated in more centralized offices to improve The Sandbox’s efficiency. After the restructuring, The Sandbox maintains a formal presence in nine locations around the world. The Future: Animoca Brands’ increased involvement in The Sandbox represents a powerful commitment to the platform, to holders of $SAND, and to the broader community. The Sandbox and Animoca Brands remain committed to the core mission of empowering creators. We all continue our work to advance the growth of The Sandbox’s token economy alongside hundreds of major brands and partners - as we have done since 2018. The Sandbox's virtual assets, including $SAND, LANDs, all NFT collections, and various ecosystem assets remain unchanged. We remain fully committed to The Sandbox's core mission and we will share updates through our official channels as they become available, as there is currently a lot of speculation and inaccurate information circulating about The Sandbox. However, we can definitely confirm that The Sandbox is not pivoting away from its core mission, and we are very excited about the opportunities that lie ahead. For further info, please refer to the recent CoinTelegraph interview with Yat Siu addressing this and other topics: https://t.co/BNqOoe9YfX