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Treasure DAO at Risk? Major Layoffs & Project Cuts to Stay Afloat
In a shocking turn of events, Treasure DAO has announced significant layoffs and project cuts in an effort to stay afloat amidst the turbulent cryptocurrency market. The sudden restructuring comes as a surprise to many, especially considering the DAO’s strong emphasis on community engagement and development just months ago.
Despite this drastic measure, the DAO’s leadership insists that it is not a sign of weakness but rather a necessary step towards long-term survival and innovation within the Web3 space.
The new direction centers around four core pillars: NFT marketplace, Bridgeworld, Smolworld, and AI agent-based scaling technology. This strategic shift aims to consolidate the DAO’s strengths and build a self-sustaining ecosystem where MAGIC plays a central role in generating value.
However, this bold move comes at a steep cost. Patten has proposed withdrawing $785,000 currently idle on the Flowdesk market maker platform, potentially extending the DAO’s stablecoin runway to February 2026 under optimistic conditions.
Source: https://crypto-economy.com/treasure-dao-at-risk-major-layoffs-project-cuts-to-stay-afloat/
