Treasure DAO announces huge pivot in hopes of extending runway to February
Treasure DAO chief contributor John Patten says the annual burn rate for the DAO has been $8.3 million, but the new measures aim to reduce costs.
Decentralized video game ecosystem Treasure DAO is restructuring as “a matter of survival” to extend its financial runway to at least February 2026.
Treasure DAO’s chief contributor John Patten says in an April 2 video posted to X that he has resumed a leadership role and is taking a plan to the DAO to streamline operations, eliminate unnecessary costs, and center the organization around a few key projects.
“I will introduce this after all of you provide your opinions at this time. I have my own thoughts, but we must make this decision as a community through long deliberation. The best ideas need to rise to the surface,” he said.
As part of cost-cutting to reduce Treasure DAO’s annual burn rate of $8.3 million, Patten says 15 contributors have either left or been laid off, and game publishing support and the treasure chain will be terminated.
