Cena Distributed Autonomous OrganizationDAO

Cakepie opposes PancakeSwap's plan to scrap $veCAKE Cakepie, a key sub-DAO of PancakeSwap, voiced strong opposition to PancakeSwap’s Tokenomics Proposal 3.0, which includes removing veCAKE. The team warned that the move would harm projects relying on veCAKE, citing risks such as

The world of blockchain gaming, often touted as the next frontier of digital entertainment, is facing a stark reality check. One of its prominent players, Treasure DAO, the platform behind the MAGIC token, has just announced a series of drastic measures to stay afloat. This isn’t just another project tweaking its roadmap; it’s a critical pivot involving significant cuts and a complete exit from game distribution. For anyone invested in crypto, particularly in the gaming sector, this news signals a potentially seismic shift and raises urgent questions about the sustainability of current models. Treasure DAO, known for its ecosystem built around the MAGIC token and its interoperable metaverse, has revealed a concerning financial situation. The numbers paint a clear picture of unsustainability. According to reports, their quarterly spending reached a staggering $11.3 million in the last quarter of 2023. Juxtapose that with a meager $40,000 in revenue during the same period, and you have a gaping financial chasm. This massive disparity has left Treasure DAO with a rapidly dwindling runway, estimated to last only until July. The implications are serious, forcing the project to take drastic action to ensure its continued existence. To address this alarming situation, Treasure DAO has implemented a series of tough decisions: Treasure DAO’s predicament isn’t happening in a vacuum. It highlights the broader challenges facing the entire blockchain gaming sector. While the promise of play-to-earn and decentralized gaming experiences is enticing, the reality of building sustainable and profitable platforms is proving complex. Several factors contribute to these difficulties: The situation at Treasure DAO raises questions about the operational and financial management within Decentralized Autonomous Organizations (DAOs) in general. While DAOs offer a vision of decentralized governance and community ownership, they also present unique challenges. The concept of a DAO crisis, while perhaps dramatic, is relevant in this context. Some potential contributing factors to Treasure DAO’s financial woes could include: For holders of the MAGIC token, the news of Treasure DAO’s financial difficulties and strategic shifts introduces significant uncertainty. Token prices often react sharply to such announcements, and MAGIC is likely to be no exception. Investors need to carefully consider the following: The question now is: can Treasure DAO successfully navigate this crisis and turn the tide? Their strategy hinges on: The situation with Treasure DAO serves as a potent reminder of the challenges and risks inherent in the crypto space, particularly in the rapidly evolving field of blockchain gaming. While the promise of decentralization and innovative gaming experiences remains, projects must demonstrate financial prudence, strategic agility, and a strong focus on building sustainable business models. The coming months will be critical for Treasure DAO as they attempt to execute their survival plan and navigate this turbulent period. The entire crypto gaming community will be watching closely to see if they can emerge stronger on the other side. To learn more about the latest crypto news trends, explore our article on key developments shaping crypto market price action. Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Aavegotchi DAO passes Base migration plan Aavegotchi DAO ( $GHST ) has passed a governance proposal to migrate from Polygon to Base, The Block reported. In addition, Aavegotchi developer Pixelcraft Studios will be shutting down its Base-based layer-3 network, Geist.

$PEOPLE gains nearly 9%, tied to the ConstitutionDAO movement. Originally launched to crowdfund a copy of the U.S. Constitution, it evolved into a community symbol of decentralized governance. Despite the failed auction, the token lives on as a cultural icon. Now, it represents meme value and DAO nostalgia. While it lacks technical use, its historic status makes it a unique speculative hold — especially during meme token resurgences.

.@arbitrum has one of the largest DAOs in crypto with 245k delegates backed by 380k delegators. Delegates play a crucial role in DAO governance. Our latest @Dune dashboard allows you to track all delegates' voting power, participation, voting patterns, and more. A 🧵👇