According to ChainCatcher, John, the chief contributor of the game ecosystem Treasure DAO, 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, which was originally estimated to last until July 2025.
Chief contributor John, who has resumed a leadership role, disclosed that the team size once reached 40 people, with annual labor costs of $6.1 million and infrastructure costs of $3 million, including fixed annual costs of $450,000 for Treasure Chain. Facing survival pressure, the DAO has laid off 15 people and decided to terminate game publishing support and Treasure Chain, assisting partners in migrating to other chains.
To extend the funding runway, John proposed withdrawing $785,000 of idle funds from market maker Flowdesk. If approved, the stablecoin balance would increase to $3.2 million, potentially extending operations optimistically until February 2026. Additionally, the ecosystem fund holds 22.3 million MAGIC (valued at $2.3 million), but if MAGIC prices crash, the DAO might struggle between December this year and February next year.
The future strategy will focus on four main products: marketplace, Bridgeworld, Smolworld, and AI agent expansion technology, aiming to demonstrate MAGIC's application potential through Smols and Bridgeworld, and develop Neurochimp agents to enhance market competitiveness. Community conference calls and governance proposals are upcoming, including retiring Treasure Chain and adjusting market positioning, with the goal of reversing the current downturn through streamlined operations.