The NFT trading market TreasureDAO on Arbitrum has completed a $3.5 million financing through a token sale, led by Digital Strategies Guild

2022-09-16 22:44:11

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Chain Catcher news, the NFT trading market TreasureDAO on Arbitrum plans to raise $3.5 million through a token sale. This round of financing will be led by Digital Strategies Guild, with participants including 1kx, Neon DAO, ID Theory, Arbitrum, Skycatcher Crypto, IOSG, Alchemy Ventures, IndiGG, StreamingFast, and others.

It is reported that this financing will sell 14,964,375 MAGIC tokens, which will be released over two years after a one-year lock-up period. TreasureDAO's move aims to balance the ratio of tokens to dollars in its treasury in an uncertain environment and to bring in new partners.

In addition to the financing, TreasureDAO will also spend $1 million to purchase 500,000 tokens of the PvP strategy game BattleFly, gFLY, to support game development. Both proposals await DAO voting approval. (Source link)

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