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Vitalik: Building applications depends on developers' vision, and application-layer growth requires strong sociopolitical support

Vitalik: How to build an application depends on the developer's vision, and application layer growth needs solid sociopolitical philosophy support

Liberland, a sovereign state located between Croatia and Serbia, is preparing to celebrate its 10th anniversary this weekend. The blockchain-based nation has already chosen leaders for its Congress ahead of building the next phase of its decentralization. Tron founder and Prime Minister of Liberland, Justin Sun, has publicly committed to supporting the nation’s infrastructure. He will be attending the much-anticipated event while setting the tone for the future. Former US Senator Rand Paul and blockchain entrepreneur Brock Pierce are also confirmed to deliver remarks. Justin Sun called the anniversary a “top priority” for both himself and his team. “This anniversary is a very big thing for Liberland as it will be a major event where all citizens can come together and share their vision,” he stated. While he might not attend in person, Sun confirmed he will participate virtually. He even expressed hopes that the gathering would “bring together more students, governments, and participants for Liberland as a country.” Sun’s message comes amid rising interest in the micronation’s efforts to build a blockchain-based governance framework. The self-declared libertarian micronation has long positioned itself as a testing ground for digital democracy and decentralized infrastructure. The crypto mogul has pledged the support of TRON’s technical team to help advance Liberland’s blockchain development, particularly as it moves toward Ethereum Virtual Machine (EVM) compatibility. “We are going to be EVM-compatible, which will get more users exposure to the infrastructure,” he said, noting that adopting widely used standards will broaden participation in the nation’s governance protocols. EVM compatibility is a critical step for decentralized projects seeking to integrate with Ethereum’s expansive ecosystem of smart contracts and decentralized applications. In a political development timed with the event, Karnika E. Yashwant, known widely in blockchain circles as “Mr. KEY,” has been elected to Liberland’s Congress . His involvement adds further legitimacy to the blockchain-based nation’s institutional aspirations, as the micronation continues to attract high-profile figures from the crypto and political worlds alike. Mr. KEY, in a post, stated that when he first entered the blockchain space back in 2013, it wasn’t just the technology that caught his attention, it was the philosophy. He highlighted the idea of freedom encompassing the “Freedom of choice. Freedom of control. Freedom to build, to participate, to thrive.” He added that Liberland recognized these same values while saluting visionaries like Vit Jedlicka, Petr Krovina, and Samuela Davidova for carrying this vision forward. Crypto mogul Sun has also revealed plans to travel to the United States in May as part of a broader diplomatic and business outreach effort. It may include meetings with President Donald Trump. He stated, “If we have any agendas we want to push for Liberland in the US, we can definitely do that,” he said. As Liberland prepares to mark another year of its radical experiment in nation-building, Sun’s support represents a massive endorsement from one of the blockchain industry’s most visible figures. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More

The world of blockchain gaming, often touted as the next frontier of digital entertainment, is facing a stark reality check. One of its prominent players, Treasure DAO, the platform behind the MAGIC token, has just announced a series of drastic measures to stay afloat. This isn’t just another project tweaking its roadmap; it’s a critical pivot involving significant cuts and a complete exit from game distribution. For anyone invested in crypto, particularly in the gaming sector, this news signals a potentially seismic shift and raises urgent questions about the sustainability of current models. Treasure DAO, known for its ecosystem built around the MAGIC token and its interoperable metaverse, has revealed a concerning financial situation. The numbers paint a clear picture of unsustainability. According to reports, their quarterly spending reached a staggering $11.3 million in the last quarter of 2023. Juxtapose that with a meager $40,000 in revenue during the same period, and you have a gaping financial chasm. This massive disparity has left Treasure DAO with a rapidly dwindling runway, estimated to last only until July. The implications are serious, forcing the project to take drastic action to ensure its continued existence. To address this alarming situation, Treasure DAO has implemented a series of tough decisions: Treasure DAO’s predicament isn’t happening in a vacuum. It highlights the broader challenges facing the entire blockchain gaming sector. While the promise of play-to-earn and decentralized gaming experiences is enticing, the reality of building sustainable and profitable platforms is proving complex. Several factors contribute to these difficulties: The situation at Treasure DAO raises questions about the operational and financial management within Decentralized Autonomous Organizations (DAOs) in general. While DAOs offer a vision of decentralized governance and community ownership, they also present unique challenges. The concept of a DAO crisis, while perhaps dramatic, is relevant in this context. Some potential contributing factors to Treasure DAO’s financial woes could include: For holders of the MAGIC token, the news of Treasure DAO’s financial difficulties and strategic shifts introduces significant uncertainty. Token prices often react sharply to such announcements, and MAGIC is likely to be no exception. Investors need to carefully consider the following: The question now is: can Treasure DAO successfully navigate this crisis and turn the tide? Their strategy hinges on: The situation with Treasure DAO serves as a potent reminder of the challenges and risks inherent in the crypto space, particularly in the rapidly evolving field of blockchain gaming. While the promise of decentralization and innovative gaming experiences remains, projects must demonstrate financial prudence, strategic agility, and a strong focus on building sustainable business models. The coming months will be critical for Treasure DAO as they attempt to execute their survival plan and navigate this turbulent period. The entire crypto gaming community will be watching closely to see if they can emerge stronger on the other side. To learn more about the latest crypto news trends, explore our article on key developments shaping crypto market price action. Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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