Treasure DAO will restructure to maintain operations in the face of declining revenues

The community will focus on supporting key projects and reducing some staff members

03.04.2025 - 15:45

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What’s new? Decentralized video game ecosystem Treasure DAO will restructure to extend its ability to run operations until at least February 2026. Treasure DAO member John Patten has taken the lead and presented the community with a plan to streamline operations, eliminate unnecessary costs, and focus on a few key projects.

Source: X.com

What else is known? The company has already laid off 15 employees as part of its cost-cutting efforts, and it will soon end its support for game publishing. It is also proposing to withdraw an unused $785 000 from marketmaker Flowdesk to replenish the treasury of the Decentralized Autonomous Organization (DAO).

Under current conditions, the project could continue to operate through December, but if the DAO approves the seizure, under an optimistic scenario, it is possible to operate until at least February next year, Patten believes.

Right now, the DAO has only $2,4 million left in its treasury, and the ecosystem fund holds 22,3 million MAGIC tokens worth $2,3 million. Should the price of Magic plummet, it would affect the sustainability of the project.

Patten says the community also needs to focus on a few key products: Bridgeworld, Smolworld, Magic Marketplace, and an AI agent creation platform.

Future partnerships will be based on generating revenue for the DAO, requiring users of the platform to generate value through the use of tokens.

TreasureDAO, which launched in 2021, offered game publishers access to infrastructure and consulting services to launch Web3-based games. However, Patten said the project “didn't have a scalable business model” and hasn’t grown since the Arbitrum blockchain airdrop in March 2023.

According to data aggregator CoinGecko, the Treasure MAGIC ecosystem token has fallen 16,5% in 24 hours and is trading at $0,0872. Overall, it has fallen in price by 98% since reaching an all-time high of $6,32 on February 19, 2022.

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