Treasure DAO Proposal Released for Layer 2 Migration

Key Points:

• Treasure DAO members will vote on a proposal to migrate its gaming ecosystem from Arbitrum to ZKsync, with voting starting on September 17.
• The Treasure DAO proposal would involve shifting the testnet and launching the mainnet on ZKsync’s ZK Stack technology by mid-November, pending approval.

According to The Block, Treasure DAO members will vote on a proposal soon to migrate its Web3 gaming ecosystem from the Arbitrum blockchain to ZKsync.

Treasure DAO Proposal on Blockchain Migration

"This proposal comes after extensive internal deliberation and carefully considering Treasure’s long-term goals," the team said.

The move is part of a wider strategic change even though the DAO has a long-standing relationship with Arbitrum. Supporters say ZKsync's infrastructure will be more conducive to the Treasure DAO's goals in decentralized gaming. MAGIC holders will now decide if the migration to ZKsync will happen.

MAGIC Holders to Decide Future of Treasure DAO's Gaming Ecosystem

The Treasure DAO ecosystem, driven by its NFTs, has been built on Arbitrum. Its flagship product is a central metaverse called Bridgeworld, containing in-game assets like Treasures and Legions. Its functional native token, MAGIC, serves as the source powering an expansive economy reaching beyond more than 30 homegrown and externally project-developed games.

This Treasure DAO proposal follows the earlier backing by Treasure's co-founder Karel Vuong of the "Gaming Catalyst Program," this year, which aimed to earmark 200 million ARB tokens toward the development of games on Arbitrum. After that, an Arbitrum DAO vote raised that allocation to 225 million ARB.