PANews reported on May 4th that Treasure DAO ecosystem co-founder @smoldev__ stated that Treasure has extended its USDC funding chain until fall 2026, excluding the currently recovering MAGIC treasury. More information will be disclosed in Monday's quarterly report.
Previously, on April 3rd, Treasure DAO ecosystem's chief contributor John announced that due to deteriorating financial conditions and facing restructuring, they will terminate game operations and Treasure Chain. Documents show that their annual operating expenses reach $8.3 million, while the current treasury has only $2.4 million left, originally estimated to last only until July 2025. Facing survival pressure, the DAO has laid off 15 people, decided to terminate game publishing support and Treasure Chain, and assist partners in migrating to other chains.
