Treasure is the decentralized game console that connects games and communities through bottom-up IP and infrastructure, unified through a common pool of composable resources.
Underpinning the Treasure ecosystem is MAGIC, a fair launch token that powers the core infrastructure and acts as a reserve asset between partner 'game cartridges'. Read on to learn more about the Treasure Token (MAGIC) project.
In this article, we will discuss:
What is Project Treasure Token (MAGIC)?
Treasure is a decentralized NFT ecosystem on Arbitrum that is built specifically for metaverse projects. Each project listed on Treasure's marketplace utilizes MAGIC in their respective metaverses, with each community inventing its own lore and narrative for this feature.
MAGIC, Treasure's native token, is the only currency for market transactions. In this way, MAGIC acts as a reserve currency for the entire network of metaverses connected under the Treasure umbrella. Treasure's projects are linked narratively and economically through the MAGIC cryptocurrency. DAO uses MAGIC emissions to develop new projects and continue to support more mature ones.
Metaverse Treasure (MAGIC)
The core metaverse of Project Treasure Token (MAGIC) is a place called Bridgeworld, where MAGIC is issued and harvested. Bridgeworld uses a three-part resource economy:
- MAGIC (Power);
- Treasures (Resources);
- Legions (NFT | Players)
Legions use Treasure to mine MAGIC and build larger forms of infrastructure and equipment. MAGIC is the resource that allows legions to search and create new items using treasures. The relationship between Treasure and MAGIC is the balance that underpins Bridgeworld.
MAGIC is an increasingly scarce resource needed to “power up” Treasure and allow them to function as productive assets. Treasures produce the instruments and materials needed to continue mining MAGIC. This dance between treasures and MAGIC forms a base layer metaverse on which other metaverse economies can be built and connected. Read on to learn more about the Treasure Token (MAGIC) project.
bridge world
Bridgeworld is a game of strategic trading, commerce and domination that sits at the heart of the treasure metaverse. Legions, Treasures, and other NFTs native to Bridgeworld represent player characters and items used to explore, create, and ultimately extract MAGIC from the world.
Not only does Bridgeworld embody many of the DeFi concepts that are becoming standard in “Play-to-Earn” (P2E) games, it also represents a step forward. To that end, Bridgeworld is an expansive metaverse connected by features and narrative. The Bridgeworld narrative establishes building blocks upon which other games and communities can be built. The MAGIC token, the Bridgeworld reward, is the social coordination tool for TreasureDAO. The Treasure project uses MAGIC to support the creation and governance of decentralized games.
As a community-driven game, Bridgeworld encourages social coordination through the formation of guilds and sub-DAOs, enabling collective strategies around resource accumulation and optimization, including onboarding new players. In Season XNUMX, NFTs will play a key role as players can stake their Legions, Treasures and Consumables to develop characters, build narratives and improve mining efficiency.
Smolverse
Smolverse is a fun and playful world of progressively evolving NFTs in Arbitrum. Community driven and built on good vibes. At the heart of the Smolverse is Smol Brains.
Smol Brains presents the progressively evolving idea of NFTS. As each Smol Brain increases your IQ over time, your brain continues to grow in size. Smol Brains is a project built on a strong community, good vibes.
Project Treasure Token (MAGIC): TreasureDAO
TreasureDAO, governed by staked MAGIC holders, oversees the project. The goal of Treasure is to allow communities to create new decentralized metaverses. We believe that metaverses are stories written by the community and resources are the threads by which the fabric of the metaverse is woven together.
The DAO votes on which projects to integrate, MAGIC distribution and revenue sharing agreements to market. Treasure has enjoyed a strong community base in its brief history. Over time, we expect DAO to grow a much larger ecosystem with multiple product offerings. In 2022, the DAO will launch a widespread NFT marketplace (traded in ETH) as a source of additional revenue. Projects in this market will not be related to MAGIC or Bridgeworld. The marketplace simply provides the DAO with an additional lead to continue to support the growth of the overall Treasure ecosystem.
Over time, Treasure hopes to become the beacon of decentralization across the entire NFT ecosystem. DAO will start creating decentralized competitors to existing NFT products, using this revenue to power new projects and continue to develop older ones. MAGIC acts as a flywheel to increase decentralization in the metaverse and develop decentralized crypto-economic primitives that can function as “real-world” economic assets. Read on to learn more about the Treasure Token (MAGIC) project.
Trove NFT marketplace
Within Project Treasure Token (MAGIC) there is Trove, which is the NFT marketplace that customizes and gamifies your experience as a collector, player, and merchant. Built for the universe in and around the TreasureDAO ecosystem. Denominated in ETH and MAGIC (the native token of the TreasureDAO ecosystem), Trove will offer:
- Customization and gamification as the new meta: Trove will be a pseudo game that sits on top of an NFT marketplace with connections to the rest of what's being built in the TreasureDAO ecosystem (gaming and infrastructure). This interwoven gamification mechanic will help capture attention and interest while rewarding loyalty through a badge and achievement system, leaderboards, EXP, user levels, and more.
- Tools to empower good and active participants: Linked to the elements of gamification, healthy ecosystem participants (collectors and collection owners) will be able to explore analytics, rarity and other useful tools that will be deeply integrated directly into the marketplace.
- Strong communities and economies of scale: Projects and collections on Trove will be able to access a loyal and highly engaged community from day one through TreasureDAO. User acquisition will be supported by TreasureDAO as a whole to help drive interest in collections listed on Trove.
Like its predecessor, the Treasure Marketplace, Trove's MAGIC section will continue to be selected and reserved for deeply integrated projects that pass through the Ecosystem Integration Framework. The generalized section called ETH of Trove is initially curated by DAO board members.
MAGIC Token
The cryptocurrency MAGIC is the natural resource of the Treasure metaverse. It “turns on” NFTs and transforms them from fantasy into productive, income-generating assets.
The MAGIC token was designed to be increasingly scarce (emissions decrease as the economy increases in complexity) as it weaves an ever-growing web of narrative bridges within the Metaverse. Players can earn MAGIC by playing, mining and participating in Bridgeworld.
The Treasure ecosystem, therefore, is governed by the MAGIC holders. The MAGIC token has a circulating supply of 206.754.567 MAGIC coins and a max. of 347.714.007 MAGIC Coins.
Where to buy the MAGIC token?
Underpinning the Treasure ecosystem is MAGIC, a fair launch token that powers the core infrastructure and acts as a reserve asset between partner 'game cartridges' and major cryptocurrency exchanges for MAGIC stock trading are currently Binance, BingX, BTCEX, Bybit and OKX.
Conclusion
Treasure aims to connect and empower builders, games and communities through the power of the web3. They seek to reshape the next generation of games by decentralizing the game-building process and disrupting the traditional model.
The Treasure Token Project (MAGIC) aspires to pioneer this movement and seize the opportunity to create a gaming ecosystem by sharing a composable economy with a common token and infrastructure uniting the worlds and communities that use them.
