The decentralized video game ecosystem Treasure Dao has been restructured as a “survival issue” to extend the financial runway until at least February 2026.
Treasure Dao's main contributor, John Patten, in a video posted to X on April 2nd, says he is planning with DAO to resume his leadership role, streamline operations, eliminate unnecessary costs and concentrate the organization on several key projects.
“After giving all your opinions at this point, I'll introduce you to this. I have my own ideas, but we have to make this decision as a community through lengthy deliberations. The best ideas need to come to the surface,” he said.
Next chapter of treasure
We publish an official statement on our pivotal transition, and outline the rationale behind leadership change, fiscal restructuring and bold new strategic directions.
Details
pic.twitter.com/bjwgzxc98l
– Treasure (@treasure_dao) April 2, 2025
Patten says 15 contributors have either left, been laid off, or the game's public support and treasure chain have ended as part of the cost reductions to reduce DAO's annual burn rate.
At the same time, he proposes withdrawing $785,000 from the market maker's flow desk in order to increase the DAO's Treasury Department.
Patten says on the current runway, “Stable Coin will last until approximately December,” but if DAO approves funds from the flow desk, this could be extended to February 2026 in a “optimistic scenario.”
DAO's current Treasury Department has only $2.4 million left. According to Patten, the Ecosystem Fund holds $22.3 million in magic, but if “the spell falls”, the DAO “is unsustainable between December and February.”
Treasure Dao to refocus on the four products
Patten says DAOs need to focus their energy on some key products, and future partnerships will be based on DAO's revenue generation.
“DAO needs to officially commit to a concentrated, streamlined approach of only four products and four products, the market, Bridgeworld, Smolworld, AI agents and scaling technology,” he said.
Related: Irbium CEO says the company went “super lean” to speed up development
“We need treasures until 2025. Bridgeworld and Smolworld will be a use case to show how other projects can leverage Magic Marketplace and AI frameworks to use the backend to run many agents simultaneously.”
Launched in 2021, Treasuredao provided services to give game publishers access to infrastructure and advisory services for launching Web3-based games.
However, Patten said he “didn't have a scalable business model” and has not grown since the arbitrum airdrop in March 2023.
Treasure Ecosystem Token Magic fell 16.5% over the past 24 hours to $0.0872, according to Coingecko. Overall, the token cut 98% after reaching a record high of $6.32 on February 19, 2022.
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