According to BlockBeats, on April 3rd, John, the chief contributor of Treasure DAO, a blockchain gaming ecosystem, announced that he will terminate game operations and Treasure Chain due to a restructuring caused by deteriorating financial conditions. The document shows that its annual operating expenses are as high as $8.3 million, while the current treasury only has $2.4 million left, which was originally expected to last until July 2025.
Chief contributor John has resumed his leadership role, revealing that the team size had reached 40 people, with an annual labor cost of 6.1 million US dollars and infrastructure costs of 3 million US dollars, including a fixed annual cost of 450000 US dollars for Treasure Chain. Faced with survival pressure, DAO has laid off 15 employees and decided to terminate game distribution support and Treasure Chain, and assist partners in migrating to other chains.
To extend the funding runway, John proposes to withdraw the idle $785000 from market maker Flowdesk. If approved, the stablecoin balance will increase to $3.2 million, and the operation of Coca Cola will be extended until February 2026. In addition, the ecological fund holds 22.3 million MAGIC (worth 2.3 million US dollars), but if MAGIC prices plummet, DAO may find it difficult to sustain between December this year and February next year.
The future new strategy will focus on four major products: Market, Bridgeworld, Smolworld, and AI agent expansion technology, aiming to showcase the application potential of MAGIC through Smols and Bridgeworld, and develop Neurochimp agents to enhance market competitiveness. Community conference calls and governance proposals are coming soon, including retiring Treasure Chain, adjusting market positioning, etc., with the goal of reversing the current decline through streamlining operations.
