The post Treasure DAO Proposal Released for Layer 2 Migration appeared on BitcoinEthereumNews.com.

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. Read more: Treasure DAO Review: The Fisrt NFT Project On Arbitrum  Treasure DAO Proposal on Blockchain Migration Development was announced in a statement that came out today, showing the Treasure DAO proposal was due to kick off on September 17. If approved, the move will see Treasure DAO shift its core operations into ZKsync’s ZK Stack technology, aiming for mid-November to go mainnet. The transition process presented in the paper involves migrating the current testnet from Arbitrum to a new one on ZKsync, culminating in the deployment of the mainnet. The Treasure Core Developer Team emphasized that voting will be left to the community, as the team typically refrains from participating in governance decisions. “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…

---

Filed under: News - @ September 13, 2024 2:05 am