The Treasure (MAGIC) metaverse is a next-gen decentralized gaming ecosystem that seeks to create more value and ROI opportunities for all parties. The network is unique in many aspects. It enables developers to create interoperable gaming assets and games. As such, the platform has the potential to improve both gamers’ and developers’ ROIs moving forward. Here is everything you need to know about Treasure (MAGIC).
The Treasure (MAGIC) ecosystem is on the rise. It has grown into a +100k player community. Notably, the network represents 95% of all NFTs on the Arbitrum blockchain and has $267M in marketplace volume. It’s also the top gaming token on a variety of exchanges including Sushiswap.
What Problems Does Treasure Attempt to Fix?
Treasure seeks to eliminate some of the biggest issues that have faced the gaming sector since its inception. The platform alleviates building restrictions and pushes adoption through the introduction of multi-game assets. Developers can create characters, personas, accounts, assets, and currency that can be used across a variety of titles.
To accomplish this task, Treasure introduces a Dapp infrastructure that supports advanced play-to-earn functionality. Developers can take advantage of special events like cross promotions to improve player experience and ROI potential as well. The network features a highly programmable interface and security as part of this approach.
Lost Time
There is no way to say for sure how many millions of hours developers waste making the same protocols for different titles. Just the number of avatars you can hold at this moment is eye-watering. Treasure enables developers to leverage a single character across a variety of gaming ecosystems which saves both users and creators time.
Lost Value
There is a lot of value that gets lost when a game title begins to lose popularity. All the hours and effort put into the title can fade away in these scenarios. Treasure enables you to get the most value from your gaming experience. The assets can seamlessly transfer into new titles which will give you an advantage in the long run compared to new players. It also improves the chances that your assets hold long-term value in the future.
The Benefits of Treasure
Treasure is an open ecosystem that provides a variety of benefits that can’t be overlooked. For one, the open ecosystem enables developers to create new types of games. The new options enable them to get the most out of their efforts while ensuring that the assets they create garner value across multiple ecosystems.
Interoperability
The concept of interconnected gaming has been a dream in the sector since its earliest days. However, it wasn’t until recently with the advent of blockchain technology that science caught up with the concept. Now, players can take their in-game assets such as characters, digital property, NFTs, and game loops with them when they switch titles.
This structure improves the gaming experience in many ways. For one, it provides a seamless transition between games. As games are getting more immersive the onboarding process has become more of a headache. Today, some titles require you to register for an account using personal information to even log on and play. This approach is dangerous because it can leave you vulnerable to identity theft at a later date.
How Does Treasure Work?
Treasure is a diverse ecosystem that supports the universal usage of digital assets across multiple gaming ecosystems. Developers can create personas, currencies, assets, brands, and even storylines that cross over virtual worlds. This structure helps bring users into the digital world and provides them with more opportunities to make the most of their time there.
Game Builders Program
Treasure is all about driving adoption in the market. As part of this approach, the network has put forth considerable effort in helping developers create within their network. The Game Builders Program is a feature that is geared toward those seeking to create multi-world gaming titles.
The program features a host of helpful tips, tricks, features, and tools to improve the creation process. You can also find support from the community and other assets to ensure your project is a success. This feature is a great addition as it helps improve game quality and streamline creation.
Marketplace
The Treasure marketplace is where users can meet up to trade digital assets. You can convert in-game assets like NFTs and other collectibles with the community in a secure and trustless environment. The marketplace enables players to secure returns from arbitrage trading and provides instant access to liquidity for those seeking to convert their NFTs into other crypto assets such as MAGIC.
Users will find a selection of gaming collectibles, avatars, and assets in the marketplace. You can see vital data on each item such as its scarcity, usage, and title of origin. You can also see bidding activity and the ownership history which can all add to the value of the asset on the market.
Governance
Treasure is a community-driven project that is run by a DAO (decentralized autonomous organization). Users that hold MAGIC can stake it to gain access to governance options. These options include the right to vote and put forth alterations to the network. These changes are then voted on by the community. DAOs are one of the most popular community governance systems in use today because they provide transparency and instant consensus on vital matters.
Token – MAGIC
MAGIC is the platform’s utility token. It is used to pay fees and interact with the network’s many features. Developers and players use MAGIC to create in-game assets. It’s also the base trading pair for all NFTs on the marketplace. MAGIC is a limited supply token with a maximum supply of 347.71M MAGIC coins.
Bottom Line
Treasure seeks to create an all-inclusive ecosystem for gamers. The network’s approach makes sense as the ability to use assets in multiple games is sure to boost their value and the overall gameplay. You can expect to see some major releases on Treasure as the concept of interoperable gaming continues to entice new users.
