Treasure DAO announces huge pivot in hopes of extending runway to February

“I volition present this aft each of you supply your opinions astatine this time. I person my ain thoughts, but we indispensable marque this determination arsenic a assemblage done agelong deliberation. The champion ideas request to emergence to the surface,” helium said. 

As portion of cost-cutting to trim Treasure DAO's yearly pain complaint of $8.3 million, Patten says 15 contributors person either near oregon been laid off, and crippled publishing enactment and the treasure concatenation volition beryllium terminated. 

At the aforesaid time, helium is proposing to retreat an idle $785,000 from the market shaper Flowdesk to summation the DAO’s treasury.

Patten says that, with the existent runway, “stablecoins volition past until astir December,” but if the DAO approves withdrawing the funds from Flowdesk, this could beryllium extended to February 2026, successful “an optimistic scenario.”

The DAO's existent treasury lone has $2.4 cardinal left, and the ecosystem money holds 22.3 cardinal MAGIC, valued astatine $2.3 million, according to Patten, and if “Magic falls,” the DAO is “unsustainable sometime betwixt December and February.”

Treasure DAO to refocus connected 4 products

Patten says the DAO besides needs to absorption its vigor connected a fewer cardinal products and aboriginal partnerships volition beryllium based connected gross procreation for the DAO, wherever users of the level volition request to make worth done token use.

“The DAO should officially perpetrate to a focused, streamlined attack of 4 products and 4 products only, the marketplace, Bridgeworld, Smolworld and AI agent, scaling technology,” helium said. 

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“That’s each that Treasure should beryllium done 2025. Bridgeworld and Smolworld volition beryllium usage cases to show however different projects utilize magic marketplace and our AI model and backmost extremity to tally many, galore agents concurrently.”

TreasureDAO, launched successful 2021, offered services to supply crippled publishers entree to infrastructure and advisory services to motorboat Web3-based games. 

However, Patten says it “didn't person a scalable concern model” and hasn’t grown since the Arbitrum airdrop successful March 2023. 

The Treasure ecosystem token MAGIC is down 16.5% to $0.0872 for the past 24 hours, according to CoinGecko. Overall, the token has shed 98% aft hitting its all-time precocious of $6.32 connected Feb. 19, 2022. 

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