If you're exploring web3 gaming, the Treasure Metaverse offers a compelling entry point. This guide covers its fundamentals, mechanics, and the role of its native MAGIC token—a cornerstone of its interoperable gaming ecosystem.
What Is Treasure?
Origin
Treasure is a decentralized gaming platform hosting interconnected metaverse projects on Arbitrum (an Ethereum Layer-2 solution). Launched in September 2021 as a Loot derivative, it leverages "treasures" (NFTs tied to the Loot ecosystem) to mine MAGIC tokens.
Team
- Co-founders: John Patten (strategy), Karel Vuong (operations), and Gaarp (growth).
- Community-Driven: Over 1,000 DAO members govern the project via staked MAGIC tokens, voting on ecosystem expansions and token distributions.
Funding
- 2022: Raised $3.5M at an $80M valuation, led by Digital Strategies Guild.
- 2021: Secured $3M in a round led by 1kx, with participation from Merit Circle and Neon DAO.
Roadmap
Key milestones:
- Launched NFT marketplace Trove and AMM protocol MagicSwap.
- Future plans include an app-specific chain and enhanced Trove gamification.
How Treasure Works
Three Core Layers
- Cartridges: Games like Bridgeworld (flagship) and Smolverse (interactive world).
- Communities: 100,000+ players across interconnected metaverses.
Infrastructure:
- Trove: NFT marketplace (2.5% platform fee).
- MagicSwap: Decentralized exchange for ecosystem tokens.
- TreasureTags: Unified gamer identities.
Treasure NFTs
Assets vary by metaverse:
- Bridgeworld: Legions, consumables.
- Smolverse: Smol brains, bodies, cars.
- Others: BattleFly tokens, Toadz.
👉 Buy NFTs on Trove
MAGIC Token Deep Dive
Tokenomics
- Max Supply: 347M (61% circulating).
- Distribution: 33% farming, 25% mining, 17% staking.
- Deflationary: Annual halving events.
Uses
- Utility: Purchases NFTs, powers games.
- Governance: Stakers vote on DAO proposals.
Staking
In Bridgeworld, players stake harvester parts (30,000 MAGIC/part) to earn rewards.
Pros and Cons
| Pros | Cons |
|------------------------------|-----------------------------------|
| ✅ Interoperable assets | ❌ Complex for beginners |
| ✅ P2E rewards | ❌ Overwhelming feature set |
| ✅ Community-driven | |
Why Treasure Stands Out
- Interoperability: Seamless asset transfers across games.
- Scalability: Built on Arbitrum for low fees/high speed.
FAQs
What is Treasure?
A decentralized gaming ecosystem powered by MAGIC tokens, enabling cross-game NFT utility.
How do I buy MAGIC?
Available on Binance, Coinbase, and MagicSwap. 👉 Trade MAGIC
What’s Bridgeworld?
Treasure’s flagship game where players stake MAGIC to earn rewards.
Treasure merges web3 innovation with community governance, positioning itself as a leader in the next-generation gaming economy.
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