Magic

What is MAGIC?

Treasure stands as a decentralized game publisher on Arbitrum, dedicated to fostering community-driven games within its expansive metaverse. At the core of this ecosystem lies MAGIC, the native token of Treasure, functioning as the exclusive currency for marketplace transactions across the interconnected metaverses. The equilibrium between MAGIC and Treasures forms the foundation of Bridgeworld, the central metaverse where economic and narrative links are woven seamlessly.

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Recent Video Interview

Main points of the interview:

• Treasure DAO aspires to be the largest Web3 gaming platform, connecting players through its token, Magic.
• Treasure DAO started as a derivative of the Loot project.
• The challenges and benefits of operating as a DAO in the rapidly evolving gaming sector.
• Treasure DAO aims to build a seamless, interoperable gaming ecosystem with significant community and developer involvement.

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Bridgeworld: A Three-Part Resource Economy

Bridgeworld operates on a three-part resource economy, comprising $MAGIC (Power), Treasures (Resources), and Legions (Characters). Legions leverage Treasures to mine MAGIC, fueling the construction of robust infrastructure and equipment. MAGIC, being a scarce resource, powers Treasures, turning them into productive assets that sustain the cycle. This dynamic dance establishes a fundamental metaverse layer, facilitating the expansion and interconnection of diverse metaverse economies.

Vision and Mission

Governed by staked MAGIC holders, the TreasureDAO orchestrates the project, aiming to enable communities to bootstrap new decentralized metaverses. The DAO's role extends to voting on projects, MAGIC distribution, and revenue-sharing agreements for the marketplace. With a robust grassroots community, Treasure envisions evolving into a beacon of decentralization within the NFT ecosystem. The DAO plans to launch a generalized NFT marketplace in 2022, transacted in ETH, diversifying revenue sources to support the broader Treasure ecosystem.

Community-Driven Philosophy

Treasure prides itself as a fair-launch, community-driven project. The majority of its team members emerged from the community, inspired by the ethos of building openly. The DAO has established frameworks for community collaboration, offering rewards in MAGIC for contributions to the ecosystem. All items within the Treasure ecosystem, including legions, treasures, and MAGIC, were distributed freely. The project embraces an open-source approach, inviting contributions to the marketplace, quests, and lore from anyone.

What is MAGIC?

$MAGIC, the natural resource of the Treasure metaverse, empowers NFTs, transforming them into productive, yield-bearing assets. Designed to become increasingly scarce, $MAGIC emissions decline as the metaverse's economic complexity grows. Players can earn $MAGIC through various activities in Bridgeworld, and $MAGIC holders govern the Treasure ecosystem.

The next phase of farming introduces a Proof of Work mechanism where users stake Legions, treasures, and MAGIC to earn new items. This mechanism, unlike traditional LP incentives, fosters slow, continuous growth in liquidity, focusing on building a long-term community rather than instant liquidity. The synergy between mining, MAGIC, and treasures creates a virtuous cycle, enhancing the ecosystem's quality and forming a foundation for new financial products.

Diverse Game Portfolio

The Treasure ecosystem boasts a diverse range of games spanning genres, platforms, and styles. First-party games, such as Smolville and Bridgeworld, coexist with partnered titles like The Beacon, Zeeverse, Kaiju Cards, and more. This extensive portfolio reflects Treasure's commitment to providing a rich and varied gaming experience within its decentralized metaverse.

Treasure Team Background

Treasure is a collective of seasoned builders dedicated to expanding its platform and decentralized game console. The team comprises globally distributed professionals, including developers, product managers, artists, brand builders, marketers, economists, and gamers. The collaborative effort is supported by an intimate and vibrant network of contributors from the DAO and enthusiastic community members. The leadership team includes Co-Founders Karel Vuong and John Patten, CTO Yuri Visser, Head of Marketing Sam Udeschini, and Head of Art Gina Snoke. Together, they bring diverse expertise to drive the growth and development of Treasure's innovative gaming ecosystem.

List of Treasure's partners: Digital Strategies, 1kx, BlackPool, NEON DAO, AcadArenaReady Player DAO, Merit Circle, Incentive Design, Theory, Jiho, Ryan Delphi, Andrew Green, Defi Vader...

Magic Price Analysis

As of November 24 2024 Magic has a marketcap of $132M. This is {{percentagefromath}} from its all time high of $6.32. In terms of its tokenomics, there's a total supply of 340M with 81% currently outstanding. Keep in mind Magic has a fully diluted value of $164M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.