Treasure DAO (MAGIC): The Largest Game & NFT Ecosystem on Arbitrum
Treasure DAO is a decentralized NFT ecosystem project built on the Arbitrum network (a Layer-2 solution on Ethereum).
Throughout 2022, the project has made significant strides that have garnered considerable attention, with many praising the development efforts of the Treasure DAO team.
Treasure DAO (MAGIC)
If you are interested in NFTs, Gaming, Metaverse, and more, the following information about the Treasure DAO project will be invaluable to you.
What is Treasure DAO?
Treasure DAO is a decentralized NFT platform built on Arbitrum, specifically tailored for NFT projects, GameFi, and the Metaverse.
Treasure DAO (MAGIC)
The standout feature of Treasure DAO is its use of the $MAGIC token for in-game activities and peer-to-peer NFT transactions.
Understanding Treasure DAO
Most play-to-earn (P2E) games today lack sustainability in their tokenomics design, causing many projects to collapse despite initial success. This cycle of gamers moving on to new games does not foster sustained market growth.
The majority of these games lack the resilience to self-rescue upon discovering liquidity issues, community disengagement, and declining revenues.
Thus, Treasure DAO was created to address these challenges by establishing a gaming and gamer ecosystem connected through the MAGIC token.
A global economy powered by a native token that integrates all infrastructure and community.
The project's initial steps integrated DeFi through Liquidity Providing for the entire ecosystem.
Unique Aspects of Treasure DAO
- Trove Marketplace
Treasure DAO features the Trove marketplace at https://trove.treasure.lol/, where users can trade NFTs and access comprehensive information on all game projects within Treasure DAO. It's currently the highest-rated marketplace on Arbitrum to date, where transactions are conducted using MAGIC or ETH.
- Bridgeworld
The centerpiece of Treasure DAO is Bridgeworld, serving as the backbone for the Treasure economy through a comprehensive economic framework designed to foster multidimensional data relationships and resource sharing.
Bridgeworld focuses on strategic commerce, trade, and domination.
Current Game Projects on Treasure DAO
Approximately 10+ game projects are currently under development on Treasure DAO, with alpha releases expected in the near future.
Current titles include: The Beacon, Battlefly, Bridgeworld, Knights of the Ether, Lifeverse, and more.
Community Features
Governance (DAO): Participate in shaping the future of Treasure DAO.
Bounty Board: Support builders through Treasure's official sponsorship program.
Community Initiatives: Projects and initiatives built by and with the community.
Guilds: Connect individuals through guild activities.
Token MAGIC
$MAGIC serves as both the currency and primary energy source within the project. All marketplace transactions on Treasure DAO require the use of MAGIC tokens.
All projects on Treasure DAO use MAGIC as a common currency, and the DAO also uses MAGIC for voting on project deployments. The distribution mechanism for MAGIC also includes revenue-sharing agreements for holders.
Additionally, MAGIC or NFTs on Treasure DAO can be staked to earn rewards in MAGIC.
Key Metrics for MAGIC Token
Token Name: Treasure DAO Token
Ticker: MAGIC
Blockchain: Arbitrum
Token Standard: ERC-20 ARB
Contract: 0x539bdE0d7Dbd336b79148AA742883198BBF60342
Token Type: Governance
Total Supply: 347,714,000 MAGIC
Circulating Supply: 48,725,779
MAGIC Token Allocation
Treasure Farm: 33%
Mining: 25%
Staking / Liquidity: 17%
Ecosystem Fund: 15%
Team: 10%
Roadmap
Treasure DAO was launched in September 2021, and the 2021 plans were successfully completed.
In 2022, Treasure DAO launched games, announced expansion of collaborative relationships, and notably on September 26, 2022, they announced a $3.5 million token sale led by Digital Strategies Guild with participation from partners such as 1kx, Neon DAO, ID Theory, and new partners: Arbitrum, Skycatcher Crypto, IOSG, Alchemy Ventures, IndiGG, StreamingFast, and other strategic partners. This token sale was passed through The DAO Treasury.
Development Team
Treasure comprises a team of developers, product managers, artists and designers, marketers, and economists.
Most team members actively engage on Twitter and Discord.
How to Buy MAGIC Tokens
You can purchase $MAGIC tokens on major exchanges like Binance, Bybit, or Uniswap.
Alternatively, Magicswap.lol is where I usually buy and sell tokens and NFTs on Treasure.
Conclusion
Treasure DAO (MAGIC) is a prominent gaming-focused project built on Arbitrum, highlighted as a standout in the crypto market in 2022 with impressive user activity.
The project has excelled in community development, launching numerous collaborative plans to connect with influential figures and market insights, evidenced by extensive commentary from Influencers and KOLs on Twitter about Treasure DAO.
To delve deeper into the project, you can participate in gameplay and Discord activities with other members.
