A Hint of MAGIC: Hunting for Treasures on Arbitrum

MAR 16, 2022 • 16 Min Read

Teng Yan

MEMBERS OF OUR TEAM HOLD MAGIC AND NFTs MENTIONED IN THE REPORTTHESE STATEMENTS ARE INTENDED TO DISCLOSE ANY CONFLICT OF INTEREST AND SHOULD NOT BE MISCONSTRUED AS A RECOMMENDATION TO PURCHASE ANY TOKEN. THIS CONTENT IS FOR INFORMATIONAL PURPOSES ONLY AND YOU SHOULD NOT MAKE DECISIONS BASED SOLELY ON IT. THIS IS NOT INVESTMENT ADVICE.

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Introduction

Treasure DAO is a GameFi ecosystem on Arbitrum that’s recently garnered a huge amount of attention. It began as a simple Loot derivative in Sept. 2021. But as the project amassed a large community, Treasure DAO has been able to expand far beyond its initial vision into an entire ecosystem of projects in the short span of a few months. MAGIC, the native token of Treasure DAO, is the glue that ties together the various products in the ecosystem. Currently, it’s the denomination asset (like ETH on Opensea) for all NFTs in the Treasure marketplace.

Armed with a sizeable treasury and a $20M + ecosystem fund, Treasure’s vision is to be a decentralized game studio, kind of like a Nintendo for the Metaverse. Blockchain game developers will be able to leverage Treasure DAO’s infrastructure and community to bootstrap game universes much quicker.

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