Odaily Planet Daily News: John, the chief contributor of Treasure DAO, a blockchain gaming ecosystem, announced that he would terminate the operation of the game and Treasure Chain due to deteriorating financial conditions.
Currently, Treasure's annual operating expenses are about $8.3 million, and there is only $2.4 million left in the treasury, which is expected to last until July 2025. If the idle $785,000 in funds can be withdrawn from the market maker Flowdesk, the operation time may be extended to February 2026.
In addition, the ecological fund still holds 22.3 million MAGIC (market value of about $2.3 million), but if MAGIC depreciates significantly, DAO may fall into financial difficulties as early as December this year to February next year.