Seems like TreasureDAO has run into a bit of a roadblock. The once ambitious project, which had aimed to shake up Web3 gaming, has now decided to shut down its mainnet. Why's that? Because the cost of running the network was significantly higher than any revenue it was making, essentially, trying to fill a bathtub with the drain open wide.

Financial Woes Lead to Community Decision

The DAO team, after some soul-searching and a community vote, has compelled users to bridge out their assets from Treasure Chain, its Layer-2 gaming network.

Not the greatest way to keep users in check, but at least they issued the warning. This has only been two months since they made public their Q4 2024 financials, when they had splashed a whopping $8 million in costs, and a measly $2.4 million in stablecoins left to settle their bills. Ouch.

The Financial Reality Check: A Very Short Runway

Co-founder John Patten revealed a complete disclosure in April 2025 and alerted everyone that the treasury was hemorrhaging MAGIC tokens faster than a Fourth of July firecracker.

Having only $1.56 million worth of MAGIC tokens left and $450,000 a year just to pay the bills, things were not shaping up well. But worry not, the DAO assures it remains "in a good position" thanks to a USDC runway that supposedly will last until mid-2026. There is hope—just not quite enough to keep the mainnet going, apparently.

So, where are TreasureDAO's plans going next? Instead of pumping money into the gaming network, it's directing its attention towards its NFT and tech sectors. No more moves toward third-party games, as the attention turns to AI and NFTs now. The treasure might not be shining as brightly as before, but hey, they're looking for AI agents and NFT companions to bring the glitz back.

Is it a new beginning, or a last-minute lifeline? It ain't over yet, but it certainly does feel like a whole new chapter for TreasureDAO.

Tron DAO X Account Hacked for $45K, Crypto Hackers Are Back at It Again | HODL FM
It seems that hackers are back in action, and this time they’ve got…
hodl-post-imageHODL FM: The Wildest Ride in the Crypto MarketAbimbola Adu
hodl-post-image

Disclaimer: All materials on this site are for informational purposes only. None of the material should be interpreted as investment advice. Please note that despite the nature of much of the material created and hosted on this website, HODL FM is not a financial reference resource, and the opinions of authors and other contributors are their own and should not be taken as financial advice. If you require advice of this sort, HODL FM strongly recommends contacting a qualified industry professional.