Treasure DAO Secures $3 Million in Funding on December 23, 2021
MAGIC
MAGIC
-3.92%
According to media reports, Treasure DAO raised $3 million in funding on December 23, 2021. Investors in this round include 1kx, Beam, Ready Player DAO, AcadArena, Neon DAO, and Blockpool, among others. With this round, Treasure DAO’s cumulative funding has reached $6.5 million.Treasure is a decentralized NFT ecosystem built on Arbitrum, focused on developing metaverse projects. The project’s native token, MAGIC, serves as the sole currency for marketplace transactions and functions as the reserve currency for all connected metaverse projects. Each project listed on the Treasure marketplace uses MAGIC within its respective metaverse and develops unique storylines around this resource. The DAO organization distributes MAGIC tokens to launch new projects and sustain ongoing operations.It is worth noting that Treasure DAO’s development has not been without setbacks. Since MAGIC token began trading in November 2021, the project has experienced several significant events. In March 2022, Treasure DAO suffered a hack resulting in a loss of approximately $1.4 million; however, in September of the same year, it successfully raised an additional $3.5 million. By April 2025, due to financial difficulties, the project announced that it would cease game operations and terminate Treasure Chain in July. This series of events highlights both the opportunities and challenges faced by blockchain gaming and NFT projects during their growth, offering valuable lessons for the industry.
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MAGIC fundraising-history
| fundraising-Round | fundraising-amount | fundraising-valuation | fundraising-time | fundraising-investor |
|---|---|---|---|---|
| -- | fundraising-$M | -- | 2021-12-22 | 1kx,Beam,Ready Player DAO,AcadArena,Neon DAO,Blockpool |
fundraising-key-milestones
- 2025-08-30Treasure voted to launch the 58th proposal
- 2025-07-15Treasure announces migration to Abstract Network
- 2025-04-03Treasure will terminate game operations and Treasure Chain in July due to financial crisis
- 2022-09-26Treasure DAO raised $ 3.5 M
- 2022-03-03Treasure DAO losed $ 1.40 M in hack
- 2021-12-23Treasure DAO raised $ 3 M in funding round
- 2021-11MAGIC is live for trading
24hour-high
$0.1419
24hour-volume
$390.67K
alltime-high
$6.32
alltime-low
$0.01999
market-cap--f
91.02%
fdv
$46.39M
24hour-low
$0.1255
market-cap
$46.39M
circulating-s
316.48M MAGIC
total-supply
347.68M MAGIC
max-supply
347.71M MAGIC
market-sentim
positive
| 1H | 24H | 7D | 30D | 1Y |
|---|---|---|---|---|
1.27% | 4.04% | 4.01% | 22% | 65.29% |
