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Treasure DAO approves migration to ZKsync, eyes mainnet launch within two months

CN
Theblock
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1 year ago
AI summarizes in 5 seconds.

Treasure DAO members have "overwhelmingly" voted to approve a plan to migrate the blockchain gaming ecosystem from Arbitrum ARB +1.48% to ZKsync ZK +6.09% , the organization announced Monday.

"Treasure will be bringing the decentralized game console to the Elastic Chain," the decentralized autonomous organization said in a post to X. "The community has voted overwhelmingly in favor (99.5%) to launch the Treasure L2 as part of the ZKsync ecosystem."

Earlier this month, the proposal was submitted to DAO members. The proposal outlined "plans to launch the Treasure chain as an L2 leveraging ZKsync’s ZK Stack technology, instead of Arbitrum Orbit as previously planned," according to a statement.

"A new public testnet called 'Topaz' is in progress to being launched," Treasure DAO also said Monday. "This will enable games and players to begin exploring and building within the new environment. Mainnet is targeted to launch within the next 1.5 to 2 months."

"The token swap will be executed between Treasure and the ZKsync Foundation in the coming days," the DAO also said.

Treasure DAO added that it is working "closely" to assist its more than 10 blockchain games on its web3 gaming console with the transition. 

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2024 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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