Gaming on TreasureDAO
Comprehensive overview of the TreasureDAO ecosystem.
Treasure is a decentralized NFT ecosystem explicitly designed for metaverse and GameFi projects built on the Arbitrum blockchain. The platform aims to bring a new level of innovation and excitement to the world of metaverse and gaming. Treasure refers to itself as a decentralized Nintendo, where each game is a "cartridge" that plugs into the ecosystem.
Treasure is comprised of three key components: The $MAGIC token, the NFT marketplace, and a game launchpad. The Magic token is the native currency of the platform and is used for all transactions within the Treasure ecosystem. The NFT marketplace is the hub for buying and selling NFT game items. And the game launchpad is a platform to support game developers in quickly launching and bootstrapping new games.
The Treasure ecosystem has experienced steady growth since its inception, attracting a growing number of users and contributing to the overall success of the platform. In the past year, the number of cumulative users has increased from 2,000 to nearly 400,000.
Currently, the number of monthly active users hovers around 3,000. This is a decent indication of a strong and active user base, particularly in the GameFi space.
Ecosystem Dune Dashboard: ✨ TreasureDAO Ecosystem
TreasureDAO Links: https://link3.to/treasuredao
Arbitrum is a layer-two blockchain that offers fast, secure, and scalable transactions with low fees. This is crucial for a platform like Treasure, where high transaction volumes and low fees are necessary for seamless and enjoyable gaming experiences.
Arbitrum was built by Offchain Labs, a company co-founded in 2018 by Ed Felton, a computer science and public affairs professor at Princeton University.
Arbitrum uses optimistic rollups and a challenge system to ensure the security and integrity of the platform. In this challenge system, any validator can dispute a block on the chain, which is then subject to a series of checks to determine the validity of the dispute. This ensures that the platform remains secure and that any potential issues are addressed quickly and efficiently.
An optimistic rollup works by maintaining a list of transactions off of the Ethereum blockchain, then “rolling them up” into a single transaction which is then settled back on Ethereum.
If you are interested in learning more about Optimistic rollups, you can read the excellent write-up by the Alchemy team: https://www.alchemy.com/overviews/optimistic-rollups.
Arbitrum is considered to be one of the main competitors to another layer two blockchain solution, Optimism. Both platforms use optimistic rollups to offer fast and scalable transactions, but the key difference between the two lies in their approach to the challenge system. Optimism re-executes the disputed transaction on the layer one blockchain and checks which party is correct in their assertion. On the other hand, Arbitrum realized that this process could significantly contribute to network congestion. To deal with this, they designed a system that continuously subdivides the challenge until the disputed information is smaller and can be quickly sent to and resolved on layer one (Ethereum).
Arbitrum Docs: https://developer.arbitrum.io
The Evolution of Treasure
Treasure Cards —> Bridge World —> Treasure
Treasure began as a small project initiated by John Patten and Yuta with the goal of providing value to the community. They started with a 10,000 free-to-mint LOOT derivative NFT project, following the same bottom-up approach that LOOT encouraged when it came to development. The idea was to start with simple primitives and allow the community to imagine and build these out for the ecosystem.
Over time, Treasure evolved beyond its initial NFT loot project and transformed into the Treasure ecosystem through the creation of its gaming hub, Bridgeworld. Bridgeworld is a game that revolves around exploring, creating, and extracting MAGIC through an interrelated resource economy involving the MAGIC token, Treasures, and Legions.
To bootstrap liquidity and community participation, Treasure introduced the primary mechanism called Atlas Mine. This mechanism was used to drive the core mechanics of the game and encourage community engagement.
Today, Treasure is in its final transition stage to become the Nintendo of the metaverse. They are moving away from the original Atlas Mine staking mechanism to a more sustainable mechanism called “Harvesters.” This transition is meant to ensure the long-term sustainability and growth of the Treasure ecosystem. You can read more about this transition in the Treasure DAO proposal on Commonwealth: https://commonwealth.im/treasure-dao/discussion/8902-tip23-atlas-mine-cataclysm-sunset
The Treasure DAO ecosystem utilizes $MAGIC as its primary token. The use of $MAGIC is central to the ecosystem, connecting all Treasure projects both narratively and economically. This means that each project within the Treasure ecosystem is linked through the use of $MAGIC.
The Treasure DAO uses emissions of $MAGIC to support and grow new projects within the ecosystem. These emissions help to finance new projects and ensure the continued support of more mature projects within the ecosystem. By utilizing $MAGIC emissions in this way, the Treasure DAO is able to sustain the growth and development of its projects and maintain the strength of the overall ecosystem.
Total Supply: 350,000,000
Treasure Farm: 33%
Staking / Liquidity: 17%
Ecosystem Fund: 15%
Market Cap: $353,772,949
Fully Diluted Market Cap: $587,579,022
Price: $MAGIC peaked at $6 in February of 2022 and is currently sitting at $1.69.
Volume has picked up significantly in 2023, with a previous 24hr volume of $199,728,267.
The Trove marketplace is designed to help build and grow the TreasureDAO ecosystem by connecting users and projects through the buying, selling, and trading of NFTs related to the Treasure metaverse and GameFi projects.
The marketplace has seen over $183 million (99,500,000 $MAGIC) in trade volume over the last 90 days. Current top game NFTs include: Smol brains, Legion Genesis, The Beacon - Founding Characters, Wastelands, and Treasures.
The marketplace smart contract can be found at 0x09986B4e255B3c548041a30A2Ee312Fe176731c2 and has been audited by Quantstamp and Macro. View the smart contract audits here: https://docs.treasure.lol/references/contracts/audits.
The Treasure DAO is governed by $MAGIC token holders and votes on improvement proposals as well as future participants of the GBP (Game Builders Program). The DAO is managed through Commonwealth for proposals and Snapshot for voting.
The TreasureDAO treasury currently holds approximately $1,658,021.18, primarily in USDC.
To date, the DAO has voted on 27 different proposals with a near 100% approval rate.
TreasureDAO games (cartridges) are the heart of the TreasureDAO ecosystem. There are currently 26 games total, 15 of which make up 99% of the Trove marketplace volume.
Top 15 games:
Game | Volume ($MAGIC) | Categories
The Beacon | 3,300,000 | PVE, RPG, Roguelike
Smolverse | 39,000,000 | RPG
Bridgeworld | 37,000,000 | Strategy
LifeVerse | 10,900,000 |
BattleFly | 3,400,000 |
Realm | 2,100,000 | MOBA Tales of
Elleria | 1,500,000 | Strategy
Toadstoolz | 1,200,000 |
The Lost Donkeys | 644,000 |
SmithyDAO | 237,700 | Platformer
Knights of the Ether | 191,000 | Deckbuilding, roguelike
Smuverse | 49,100 | RPG
Lost Samurise | 32,400 | MOBA
Smol Age | 4,000 | Strategy
Smol Sharks | 2,000 |
How to Get Involved
There are several ways to get involved in TreasureDAO.
Trade / Stake the $MAGIC token on the Magic Pools
ELM-MAGIC - 2.1% APR
MAGIC-GFLY - 1.64% APR
Provide $MAGIC liquidity on Sushi
WETH-MAGIC - 70.9%
Trade NFTs on Trove
Build a Game
If you have an idea for a project that could interface with $MAGIC you can apply to their launch program.
The best way to interact with TreasureDAO is to start playing games! Our personal favorite is the Beacon, a dungeon crawler that is opening up access to weekly dungeons in the coming weeks.
About CR3 Labs
CR3 Labs builds tooling for Web3 gaming to help creators, collectors, and gamers unlock value in the new digital frontier.
Learn more at https://www.cr3labs.com.
Seeking more information about a particular topic, project, or technology?
Submit a research request!