From Cointelegraph
April 3, 2025
2:25 am:

Treasure DAO is undergoing financial restructuring to survive until February 2026. Chief contributor, John Patten, plans to cut costs, terminate projects, and withdraw funds to extend the DAO’s runway. The DAO’s treasury currently holds $2.4 million and 22.3 million MAGIC tokens.

To reduce the annual burn rate of $8.3 million, 15 contributors have left, and game publishing support will end. Patten proposes withdrawing $785,000 from Flowdesk to boost the treasury. With current stablecoins lasting until December, Patten hopes to extend this to February 2026 with approval.

Treasure DAO will refocus on four key products to generate revenue, emphasizing the marketplace, Bridgeworld, Smolworld, and AI agent technology. Launched in 2021, the DAO aims to showcase its capabilities through these projects. However, the MAGIC token has dropped 98% since its all-time high in 2022.

Read more at Cointelegraph: Treasure DAO announces huge pivot in hopes of extending runway to February