Source: Cointelegraph Original: "{title}"
The decentralized video game ecosystem Treasure DAO is undergoing a restructuring aimed at "survival," with the goal of extending the use of its financial resources at least until February 2026.
John Patten, the chief contributor of Treasure DAO, stated in a video released on April 2 that he has resumed a leadership role and proposed a plan to streamline operations, eliminate unnecessary costs, and reorganize around several key projects.
He said, "I will introduce this plan after everyone provides feedback. I have my own ideas, but we must make decisions through long discussions within the community. The best ideas need to surface."
As part of cost-cutting measures to reduce Treasure DAO's annual burn rate of $8.3 million, Patten mentioned that 15 contributors have either left or been laid off, and support for game releases and the treasure chain will be terminated.
At the same time, he proposed to extract $785,000 in idle funds from the market maker Flowdesk to bolster the DAO's financial reserves.
Patten indicated that under the current financial reserves, "the stablecoin can last until December," but if the DAO approves the withdrawal from Flowdesk, this funding timeline could be extended to February 2026 in an "optimistic scenario."
According to Patten, the DAO currently has only $2.4 million in financial reserves, with the ecosystem fund holding 22.3 million MAGIC tokens valued at $2.3 million. If "Magic drops," the DAO will be "unsustainable" between December and February.
Treasure DAO will refocus on four products
Patten stated that the DAO also needs to concentrate its efforts on several key products, with future partnerships based on the DAO's revenue generation, and platform users will need to create value through token usage.
He said, "The DAO should formally commit to a focused, streamlined approach, concentrating solely on four products: the marketplace, Bridgeworld, Smolworld, and AI agents, expanding technology."
"This is all Treasure has until 2025. Bridgeworld and Smolworld will serve as use cases to demonstrate how other projects can utilize the magic marketplace and our AI framework and backend to operate many agents simultaneously."
TreasureDAO was launched in 2021, providing infrastructure and consulting services to help game publishers release Web3-based games.
However, Patten noted that the DAO "does not have a scalable business model" and has failed to achieve growth since the Arbitrum airdrop in March 2023.
According to CoinGecko, the Treasure ecosystem token MAGIC has dropped 16.5% in the past 24 hours, currently priced at $0.0872. Overall, the token has declined by 98% since reaching an all-time high of $6.32 on February 19, 2022.
Related: $2 billion lost in cryptocurrency hacks in Q1 2025, with $1.63 billion from access control vulnerabilities.
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