TreasureDAO Rolls Out Marketplace Of NFT Games Trove

TreasureDAO is looking to gain more control in the market by launching the “gamified marketplace known as Trove. This marketplace comes with a lot of features and benefits as the company has stated.

Apart from trading only with NFTs and MAGIC tokens, collectors can also buy a wide range of NFTs, including profile pictures, photography, art, and music. As of press time, treasureDAO has 12 games on its website powered by Treasure.

TreasureDAO Shows More Interests In The Web3 Space

Decentralized video game publisher TreasureDAO has taken a further step into the web3 and NFT space. The platform is using its shared resources and MAGIC token to create an infrastructure that will connect games and communities.

TreasureDAO was launched in September 2021 and was initially meant to serve as a Loot metaverse derivative on Ethereum Layer 1. However, the platform changed its operations and migrated to Arbirum Layer 2, which has lower transaction fees.

Treasure says its goal is to enable communities to bootstrap more decentralized metaverses. Instead of the more conventional way of playing the game passively, the NFTs will enable them to create the IP and franchises to create immutable stories and economies.

TreasureDAO added that Treasure has more than 80,000 MAGIC holders, over 20,000 games, and over $265 million in processed volume, making it the number 1 gaming destination on Arbitrum.

TreasureDAO is made of three main layers: infrastructure, community, and cartridges.

The infrastructure is the dual resource model and the “shared economic engine” that supports the entire TreasureDAO ecosystem.

The MAGIC Token Allows Holders to Participate In Decision Making

The cartridges are the games the players are expected to play and explore. On the other hand, the communities are the players who influence the direction of the ecosystem with the MAGIC token. They create stories and utilize resources to make the platform highly active.

Games in TreasureDAO are connected through the MAGIC token economically. The token comes in handy for the Treasure community when voting on the games the company needs to onboard. It is also used for revenue-sharing agreements for the marketplace.

MAGIC has adopted Bitcoin’s halving mechanism and will have a limited supply of 350 million tokens. In September last year, TreasureDAO completed sales of $ 2.5 million worth of MAGIC tokens at a fully diluted valuation of $80 million. TreasureDAO said it used funds it generated to expand its operations and grow its team, as well as improve its infrastructure.

The community drives TreasureDAO since all MAGIC holders can participate in the platform’s decision-making process and vote on any major decision. Treasure is an open-source technology and comes with a Game builders program that encourages builders to build and expand their team. They receive rewards in the form of MAGIC tokens for their efforts.