BlockBeats News, April 3rd, it was announced by John, Chief Contributor of the blockchain gaming ecosystem Treasure DAO, that due to deteriorating financial conditions, a restructuring will take place, leading to the termination of game operations and Treasure Chain. Documents show that the annual operating expenses amounted to as much as 8.3 million USD, while the current treasury holds only 2.4 million USD, originally projected to last only until July 2025.
Chief Contributor John reassumed a leadership role, disclosing that the team had once reached a size of 40 people, with an annual personnel cost of 6.1 million USD, infrastructure costs of 3 million USD, including a fixed annual cost of 450,000 USD for Treasure Chain. Confronted with survival pressure, the DAO has laid off 15 people, decided to terminate game issuance support and Treasure Chain, and assist partners in migrating to other blockchains.
To extend the funding runway, John proposed withdrawing idle funds of 785,000 USD from the liquidity provider Flowdesk. If approved, the stablecoin balance will increase to 3.2 million USD, allowing operations to optimistically continue until February 2026. In addition, the ecosystem fund holds 22.3 million MAGIC tokens (valued at 2.3 million USD), but if the MAGIC price experiences a sharp decline, the DAO may find it challenging to sustain between December of this year and February next year.
Future strategies will focus on four key products: Market, Bridgeworld, Smolworld, and AI Agent Expansion Technology, aimed at showcasing the application potential of MAGIC through Smols and Bridgeworld, and developing the Neurochimp agent to enhance market competitiveness. Community conference calls and governance proposals are forthcoming, including retiring Treasure Chain, adjusting market positioning, etc., with the goal of reversing the current decline through streamlined operations.