The ‘Nintendo’ of Blockchain Gaming, What is Treasure?

The blockchain gaming sector continues to improve. In addition to improving game quality, more protocols focus on delivering a unified gaming ecosystem. One of them is Treasure. Thanks to its integrated platform, Treasure has earned the nickname the “Nintendo” of blockchain gaming. So, what is Treasure? What features does it offer? Find out the full answer in the following article.

Article Summary

• 🎮 Treasure is a decentralized gaming platform on the Arbitrum blockchain that integrates NFTs, DeFi, and GameFi.
• ⭐ With an interconnected ecosystem, Treasure has been dubbed the “Nintendo” of blockchain gaming. In addition to gaming, Treasure also provides tools for Web3 game development and tokenization.
• 👥 Treasure is managed by TreasureDAO, which consists of Treasure’s core team as well as MAGIC token holders.
• 🪙 The Treasure ecosystem uses MAGIC tokens as the main currency that supports the in-game economy and other activities.

What is Treasure?

Treasure is a decentralized gaming ecosystem running on the Arbitrum blockchain. As a gaming platform, Treasure integrates NFTs, decentralized finance , and GameFi. They aim to support NFT and metaverse projects to create their ecosystems on Treasure.

Treasure also provides tools and resources for development teams to build, launch, and tokenize Web3 games. Many have labeled Treasure as the “Nintendo” of the blockchain gaming industry. Treasure uses the MAGIC token to carry out all economic activities within the ecosystem.

According to its official website, Treasure has 12 games in its ecosystem. Some popular games are The Beacon, BridgeWorld, Tales of Elleria, BattleFly, and Realm.

TreasureDAO is a DAO managed by MAGIC token holders. Its primary function is to oversee the various projects in Treasure. TreasureDAO members can decide which projects to onboard, the distribution of MAGIC tokens, and marketplace revenue-sharing agreements.

Who is the Treasure Development Team?

Most of Treasure’s core team comes directly from the Treasure DAO community. Despite coming from the community, Treasure is filled with people with experience in game creation and development. Treasure’s co-founders are Karel Vuong and John Patten, with Yuri Visser as CTO.

Treasure has had several strategic partnerships, one of which is with 1kx. They received US$3 million in funding from the partnership. In addition, Treasure DAO has also submitted a proposal to sell MAGIC tokens worth US$3.5 million. Community members have already approved the proposal.

How Does Treasure Work?

Treasure operates in a dynamic system centered on the Bridgeworld, a metaverse that plays a vital role in the Treasure ecosystem. In Bridgeworld, there are three primary economic resources.

1. $MAGIC (Power). MAGIC tokens are the lifeblood of Bridgeworld. It is created and then harvested within the metaverse. It also serves as the fuel for the Bridgeworld to run.
2. Treasures (Resources). Treasures are the backbone of the Bridgeworld ecosystem. Legions, the characters in Bridgeworld, use them to mine MAGIC. Then, they build various infrastructure and equipment from it.
3. Legions (Characters). Legions are characters that are used to explore the Bridgeworld. They utilize Treasures to extract MAGIC and create important tools. They are the workers behind the development of Bridgeworld.

The equilibrium between Treasures and MAGIC forms the foundation of Bridgeworld. As a limited and scarce resource, MAGIC is an important instrument for running Treasure. In return, Treasure will produce instruments and raw materials to continue mining MAGIC. This relationship between Treasure and MAGIC ultimately forms the fundamentals for the Bridgeworld metaverse.

To better understand Treasure and its ecosystem, find out more about the world of GameFi in this article.

Treasure Features

The Treasure Platform

Treasure Platform is Treasure’s one-stop gaming ecosystem. It includes a marketplace for in-game assets, a hub for discovering games, and a center for tournaments and other activities.

Furthermore, Treasure can be a place for developers to create and develop their Web3 games. Treasure offers tools and infrastructures such as Automated Market Makers, marketplaces, Proof-of-Play features, etc. There is also a Game Builder Program (GBP) facility that provides incentives for game developers.

Not only that, Treasure also offers interoperability, allowing characters and in-game assets to move from one game to another in the Treasure ecosystem.

Gaming Platform

As mentioned earlier, there are 12 games currently available on Treasure. Here are the three most popular games on Treasure:

1. The Beacon

The Beacon is an action fantasy RPG-based free-to-play game. It offers a dynamic gaming experience thanks to ever-changing dungeons, real-time duels, and upgrading abilities and fighting styles.

All in-game assets in The Beacon are also NFT-based. Players can carry out various activities in this game. Starting from journeys in various dungeons, taking quizzes, to personalizing the home base. All assets in this game can be obtained by completing missions or buying them through the Treasure Marketplace.

1. BattleFly

BattleFly is a Player versus Player (PvP) concept game. It combines aspects of strategy, auto-battling, and Play-to-Earn elements. Players are required to create a combat machine by choosing from 270 available mod options. After the duel, the winning machine will receive a reward of $MAGIC.

1. The Bridgeworld

Bridgeworld is a game based on social coordination and strategic resource management. Players are required to work together to accumulate and optimize their resources. Players can utilize Legions, Treasures, and various other items in the Treasure ecosystem.

By doing so, players will experience the excitement of going on expeditions and uncovering the secrets in Bridgeworld. In return, players will earn MAGIC tokens.

When it comes to GameFi, it’s closely related to the world of NFTs. Find out how to trade NFTs here.

Treasure’s Advantages

• 🎮 A unified Web3 gaming ecosystem. Treasure is a platform that focuses on the gaming ecosystem. Treasure differs from Decentraland or Axie Infinity, which focuses more on a single game. Rather, Treasure wants to be the infrastructure and platform for many other games, making it the “Nintendo” of the blockchain gaming industry.
• 💡 One-stop solution. With its various features, Treasure seeks to be a one-stop solution platform for gamers. They can play games, trade and manage in-game assets, and swap directly on one platform.
• 🏆 The Top Gaming Protocol on Arbitrum. Treasure is the top gaming ecosystem and NFT on the Arbitrum network. It also has a total marketplace volume of US$271 million.

MAGIC Token as Investment

MAGIC is the native token of the Treasure ecosystem. It serves as a means of payment in the Treasure ecosystem. Currently, MAGIC is no longer generated through staking but through direct mining in the Bridgeworld game.

The maximum supply of MAGIC is 350 million, with an annual halving mechanism. MAGIC tokens are designed to experience scarcity over time. Currently, 256.81 million MAGIC tokens are on the market. In the last year, the price of MAGIC has increased by 25%, currently at US$ 0.83.

Based on DappRadar data, active Treasure users have decreased by 90.75% in the last 30 days to 7,200 users. The number of transactions also reduced by 49.8% to only 68,310. However, its trading volume increased by 59.76% to US$ 1.82 million in the same period.

The metaverse sector is no longer as exciting as in 2021, which explains the decline in metrics. Competition in the GameFi ecosystem sector is also getting more intense. The presence of Beam and Echelon Prime as Treasure’s competitors is also a factor.

Nevertheless, Treasure so far can still have traction among the crypto community. One indication is its market capitalization, which reached an all-time high in February 2023.

In addition, Treasure is also still regularly creating or working together to launch new games to maintain its users’ interest. With the narrative of GameFi starting to rise, Treasure as a gaming ecosystem protocol may be the one to get positive sentiment.

You can read and analyze Treasure’s competitor, Beam, in the following article.

Conclusion

Treasure is a decentralized gaming ecosystem on the Arbitrum. It integrates NFTs, DeFi, and GameFi. The platform aims to support NFTs and metaverse projects, creating its own ecosystem. Treasure has been dubbed the “Nintendo” of the blockchain gaming industry.

There are currently 12 games available on the Treasure platform including The Beacon, Bridgeworld, and BattleFly. The MAGIC token is the economic centerpiece of the Treasure ecosystem. It serves as the main currency and means of payment.

As the metaverse sector fades, the number of users and transaction activity on Treasure has decreased. However, the Treasure-style terpada gaming ecosystem still holds potential, especially when the GameFi sector and narrative revives.

How to Buy MAGIC Token on Pintu

After knowing what Treasure is, you can start investing in MAGIC by buying it on Pintu app. Here is how to buy crypto on Pintu application:

1. Create a Pintu account and follow the process of verifying your identity to start trading.
2. On the homepage, click the deposit button and top up the Pintu balance using your preferred payment method.
3. Go to the market page and look for MAGIC.
4. Click buy and fill in the amount you want.
5. Now you have MAGIC!

In addition to MAGIC, you can safely and conveniently purchase a wide range of cryptocurrencies such as BTC, ETH, SOL, and others safely and easily on Pintu. Pintu diligently evaluates all its crypto assets, highlighting the significance of being cautious.

Pintu is also compatible with popular wallets such as Metamask to facilitate your transactions. Download Pintu app on Play Store and App Store! Your security is guaranteed because Pintu is regulated and supervised by Bappebti and Kominfo.

Aside from buying and trading crypto assets, you can expand your knowledge about cryptocurrencies through various Pintu Academy articles. Updated weekly, all Pintu Academy articles are made for knowledge and educational purposes, not as financial advice

Reference

• Treasure Docs, The official documentation for Treasure, accessed on 19 December 2023.
• Jade Gao, What is TreasureDAO: A Seamless Ecosystem for the Next-Gen Decentralized Gaming, DappRadar, accessed on 19 December 2023.
• Perdro Veiga, MAGIC – Understand Treasure DAO and its Metaverse Project, Kassandra Financen, accessed on 19 December 2023.