This Is One Of The Most Robust Ecosystems In Crypto Gaming
Have We Discovered Gold While Digging For Treasure?
One thing we enjoy doing is looking at different crypto gaming ecosystems in an attempt to find the teams that are bringing true innovation into the sector.
Today is the day where we discuss one of the most robust crypto gaming ecosystems that we have come across. The ecosystem that I’m referring to is Treasure.
This project has been absolutely killing it. So, it’s only right that we dive deep into this project to discover the magic behind Treasure.
What Is Treasure?
Treasure is a metaverse ecosystem that’s built on top of the Layer 2 solution, Arbitrum. Through Treasure, communities have the ability to bootstrap and govern (conducted through Treasure DAO) decentralized metaverses – so in a sense, you can look at it as a metaverse launchpad of sorts.
Treasure provides a marketplace where all of the projects – referred to as Cartridges – use $MAGIC (Treasure’s native token) as the currency for all transactions that occur within the marketplace. MAGIC is the glue that links all of the cartridges economies and narratives together.
One of the most unique things about Treasure is that all of the Cartridges are fair-launch and free to mint projects. MAGIC was also a fair launch token.
MAGIC is generated and earned in Treasure’s own metaverse, Bridgeworld (more details on this later). The players that earn MAGIC in Bridgeworld are known as Legions and the assets that they use to earn tokens are called Treasures.
The Treasures then produce resources that allow Legions to continue mining MAGIC, which in turn allows other Cartridges to continue growing.
Some of the Cartridges currently connected to Treasure are:
Some upcoming Cartridges are:
Treasure also has more upcoming projects that you can discover if you do a bit of digging. One example is Realm DAO.
Treasure is governed by a community DAO – Treasure Dao. All decisions are controlled by MAGIC holders that have staked their tokens.
The DAO gives members the ability to vote on different proposals such as:
Marketplace revenue sharing agreements
Projects to onboard
All members of the DAO are able to vote on decisions through Snapshot Voting.
The overall consensus of the DAO is that the value of the metaverse assets is determined by the effort that goes into obtaining them. It is also believed that other metaverses should be fairly launched and allow decentralized decision-making to maintain consistent value and participation.
This is why other metaverses aka Cartridges on Treasure are also fair launch and free to mint projects.
MAGIC is the resource needed to power on treasures (NFTs). Powering on treasures is what allows them to produce yield. This is a very clever way to add utility to MAGIC.
All MAGIC is earned through players participating in Bridgeworld. MAGIC has a distinctive approach to staking.
Players must stake all three assets (Legions, MAGIC, Treasures) to earn new items. The best way to summarize how it works is through this simple equation:
Cost of farming = Price of initial assets + Time it takes to perform the actions
This method of staking ensures that players actively put in the work to earn the most rare assets. The team believes that this will ultimately lead to a thriving and sustainable ecosystem. Whether or not this is the ultimate solution remains to be seen, but we do like the approach and the thesis behind it.
The total supply of MAGIC will be 350M tokens. MAGIC will be distributed between:
However, the MAGIC emissions schedule has been modeled after the Bitcoin halving schedule – for those who are unfamiliar, every four years, Bitcoin emissions are cut in half, which in turn adds to the immediate scarcity.
According to the distribution chart above, 25% of the MAGIC supply – 86,928,502 tokens – will be dedicated to mining. Also the mining supply will be emitted over a 10-year period.
Bridgeworld is a game of strategic commerce, trade and domination which sits at the center of the Treasure metaverse.
Legions, Treasures and other NFTs native to Bridgeworld, represent player characters and items that are used to explore, create and ultimately extract $MAGIC from the world.
Bridgeworld incorporates many of the DeFi concepts that are becoming standard across “Play-to-Earn” (P2E) games, but also introduces unique elements.
Players utilize legions to quest for treasures, summon other legions, & consume treasures while crafting. Accumulated treasures are used to craft items & can also be locked to “Mine” rewards.
The Ivory Tower
All Legions set out from the Ivory Tower in search of treasures, earning questing points & levels along the way.
Quest are divided into three difficulties:
Easy (8 Hours to complete)
Medium (12 Hours to complete)
Hard (16 Hours to complete)
As players quest they earn:
Essence of Starlight
Used to upgrade Legion’s constellations.
Exchange at Mysterious Merchant (coming soon) for complete Prisms.
Treasures (20% Drop)
(1) Stake in the MAGIC mine or (2) Used to craft consumables
Universal Lock (.01% Drop)
Treasures contain magical properties that Legions can extract and use to craft valuable consumables. Legions grow more experienced as they continue to craft and hone their trade.
Crafting Costs 5 $Magic per craft
Recipes to Craft Items:
Leveling Up Crafting on Your Legions
Legions - Characters of Bridgeworld
Genesis (Capped Supply)
Summon other legions (unlimited)
Summon Other legions (one summon)
Summoning Costs & Requirements
All existing Legions must go on a pilgrimage for 24 hours. Upon completion, legions are assigned their class, and can participate in activities in Bridgeworld.
Summoned legions do not need to do a pilgrimage, can immediately begin activities, & are automatically assigned a class.
There are five different classes in Bidgeworld:
Class utility to be announced in a future season.
Legions can burn magic to tattoo multiple Bridgeworld constellations onto their skin using ancient technology located at the Starlight Temple – tattoos represent different elements.
There are six different tattoos:
The benefits of these tattoos are unknown.
The Atlas Mine
The natural successor to the Genesis Mine and primary source of MAGIC within Bridgeworld. Users can stake MAGIC within the mine to activate Bridgeworld’s productivity and gain access to the rarest and most powerful resource of all, MAGIC.
The Atlas Mine has no cap on MAGIC staking (unlike the Harvesters).
Harvesters work like mines - allowing users to stake NFTs & MAGIC to earn more Magic.
Social coordination is required to build harvesters to begin generating emissions.
MAGIC yields can exceed the Atlas Mine due to an incremental boost derived from the number of Harvester Parts and the number and rarity of Legions staked within the Harvester, but the total MAGIC distributed is capped.
How to mine
Users must time lock MAGIC in the mine to gain access to emissions.
NFTs including Legions (Genesis and Auxiliary), Treasures and Consumables can be deposited alongside MAGIC to enhance a user’s mining power which is used to determine the relative share of emissions.
Bridgeworld in combination with Treasure DAO is bringing some very compelling innovations to NFTs and gamefi.
Mass Social Coordination to farm $MAGIC using Harvesters.
Cross Treasure DAO Ecosystem Use Cases for Treasure NFTs. This creates a very interesting ecosystem design that drives massive value to Legions who can farm treasures.
The ecosystem is young, but seems to be building credibility with free mints, & innovating in ways that other projects are not.
Ways to participate
For those who are interested in participating in the Treasure ecosystem, there are a few different options available:
Invest in the $Magic token.
Purchase Auxiliary Legion NFTs
Purchase Genesis Legion NFTs
As you can see, Treasure is one of the most vast and complex ecosystems in the sector.
It was stated earlier that Treasure can be viewed as a metaverse launchpad. However, that statement might be underselling the vision and potential of this project.
Only time will tell if this is truly a sustainable model. However, we will be watching to see what treasures this ecosystem produces.