Treasure DAO’s chief contributor, John Patten, announced a restructuring to extend the financial runway to February 2026, addressing the annual burn rate of 8.3 million USD. Measures include workforce reductions, with 15 contributors leaving, and halting certain operations.
Patten plans to withdraw 785,000 USD from Flowdesk to bolster the DAO’s treasury, which currently holds 2.4 million USD along with 22.3 million MAGIC valued at 2.3 million USD. This financial move aims to secure operations through February, contingent on market performance.
The DAO is shifting focus to four essential products for future sustainability and growth. Patten emphasized that partnerships will hinge on revenue generation as the organization aims to harness the MAGIC token effectively amidst recent valuation declines.
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