Treasure will terminate the game and Treasure Chain operations due to financial crisis
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Planet News: John, the chief contributor of the game ecosystem Treasure DAO, announced that due to deteriorating financial conditions, the game and Treasure Chain operations will be terminated. Currently, Treasure's annual operating expenses are approximately $8.3 million, with only $2.4 million remaining in the treasury, which is expected to last until July 2025. If idle funds of $785,000 can be withdrawn from market maker Flowdesk, the operational period might be extended to February 2026. Additionally, the ecosystem fund still holds 22.3 million MAGIC tokens (market value of about $2.3 million), but if MAGIC significantly depreciates, the DAO may face financial difficulties as early as December this year to February next year.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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