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Treasure is facing restructuring due to a financial crisis and will terminate game operations and Treasure Chain

ChainCatcher news, Treasure DAO's chief contributor John announced that due to deteriorating financial conditions, they are facing a restructuring and will terminate game operations and Treasure Chain. Documents show that their annual operating expenses reach up to $8.3 million, while the current treasury only has $2.4 million left, which is expected to last only until July 2025.Chief contributor John has resumed a leadership role, revealing that the team size once reached 40 people, with an annual labor cost of $6.1 million and infrastructure costs of $3 million, of which the fixed annual cost for Treasure Chain is $450,000. Facing survival pressure, the DAO has laid off 15 people and decided to terminate game publishing support and Treasure Chain, assisting partners in migrating to other chains.To extend the funding runway, John proposed to withdraw the idle $785,000 from the market maker Flowdesk. If approved, the stablecoin balance will increase to $3.2 million, allowing operations to be optimistically extended until February 2026. Additionally, the ecological fund holds 22.3 million MAGIC (valued at $2.3 million), but if the MAGIC price plummets, the DAO may struggle to survive between December this year and February next year.The future strategy will focus on four major products: Market, Bridgeworld, Smolworld, and AI agent expansion technology, aiming to showcase the application potential of MAGIC through Smols and Bridgeworld, and to develop the Neurochimp agent to enhance market competitiveness. Community conference calls and governance proposals are forthcoming, including the retirement of Treasure Chain and adjustments to market positioning, with the goal of reversing the current downturn through streamlined operations.According to the crypto asset data platform RootData, Treasure DAO completed a $3.5 million financing through token sales in 2022, led by Digital Strategies Guild, with participants including 1kx, Neon DAO, ID Theory, Arbitrum, Skycatcher Crypto, IOSG, Alchemy Ventures, IndiGG, StreamingFast, and others.

ChainOpera's ecological company TensorOpera has reached a cooperation with Samsung to promote the implementation of multimodal generative AI on mobile devices

ChainCatcher news, TensorOpera AI, another company co-founded by ChainOpera co-founder Salman and Aiden, has reached a strategic partnership with Samsung Electronics, showcasing groundbreaking innovations in multimodal generative AI applications on mobile devices.At CES 2025, TensorOpera AI announced its strategic collaboration with Samsung Electronics to achieve breakthrough applications of multimodal AI on mobile devices based on the Exynos processor. This technology enables low-latency, high-performance AI Agent operations on smartphones by optimizing Android applications and C++ inference pipelines, while ensuring privacy and personalized services.As a company within the ChainOpera ecosystem, TensorOpera shares its founding team and technical architecture, utilizing edge-cloud collaborative technology to reduce AI service costs to 10% of the industry standard. Currently, ChainOpera's AI Terminal has served over a million users, achieving cloud-edge-device three-tier linkage driven by LLM."We are pushing the potential of edge-cloud collaboration to the extreme," said co-founder Salman. The two companies are leveraging a hybrid edge-cloud architecture, combining blockchain and decentralized AI technologies to continuously expand the boundaries of edge intelligence. This collaboration marks a new phase in the large-scale application of mobile AI Agent technology.

Fidelity analyst: The pullback of Bitcoin is consistent with previous acceleration phases, and there is still a possibility of "initiating a second wave of major upward movement."

ChainCatcher news, according to Cointelegraph, Fidelity Digital Assets has questioned the view that "Bitcoin has reached a cycle peak" in its latest report, suggesting that Bitcoin may be on the brink of the next "acceleration phase."Fidelity analyst Zack Wainwright pointed out that a typical characteristic of Bitcoin's acceleration phase is "high volatility and high returns," similar to the market performance when BTC broke through $20,000 in December 2020. Although Bitcoin's year-to-date return is -11.44%, having retraced nearly 25% from its historical high, Wainwright believes that the recent performance aligns with the average retracement seen after acceleration phases in previous cycles.Wainwright believes that Bitcoin is currently still in the acceleration phase but is nearing the end of the cycle, having lasted 232 days as of March 3. Historical data shows that the acceleration phases in 2010-2011, 2015, and 2017 peaked on the 244th day, 261st day, and 280th day respectively, with each cycle lasting longer. However, historically, acceleration phases usually feature two major upward waves, with the first wave occurring after the election this time. If it can break through the previous high again, the starting point for the second major upward wave may be around $110,000.
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