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Treasure DAO Unveils Its End-to-end Gaming Ecosystem Treasure Infinity Chains
Treasure DAO is closer to achieving its primary vision of creating an โinterconnected network of gamesโ through its new project – Treasure Infinity Chains. Through its post on X (formerly Twitter), the DAO unveiled a litepaper covering the overview of the ambitious gaming project.
๐๐ป๐๐ฟ๐ผ๐ฑ๐๐ฐ๐ถ๐ป๐ด ๐ง๐ฟ๐ฒ๐ฎ๐๐๐ฟ๐ฒ: ๐๐ป๐ณ๐ถ๐ป๐ถ๐๐ ๐๐ต๐ฎ๐ถ๐ป๐ โจ
The litepaper for the Treasure Chain is here!
This expands upon our vision to build an end-to-end gaming ecosystem. Everything connected by $MAGIC, powering infinite games. โพ๏ธhttps://t.co/ZwNbg25H8l pic.twitter.com/otcgfdNzbp
— Treasure (@Treasure_DAO) February 5, 2024
For closure, the organization is building an interoperability platform to scale the cross-chain gaming experience. The platform will encompass the Treasure Chain and a network of Infinity Chains (game-specific customizations/implementations). Put differently, the project will offer seamless cross-chain gaming experiences powered by the MAGIC token.
The project has two crucial tool sets for developers – Treasure Development Kit (TDK) and Treasure Management Console (TDM). TDK will offer multi-platform support for various game engines like Unit and Godot. It will also allow developers to create game logic and tokens. Besides, TDM will enable customizable support for game configurations alongside management of player identities, metrics, etc.
Notably, the Treasure Chain will be built using the Arbitrum roll-up technology and aims to offer exceptional gameplay experience to players at affordable fees. The platform will have key features like identity, marketplace, payments, AMM (automated market maker), and LiveOps.
The Role of MAGIC in the Gaming Ecosystem
At the center of the above ambitious project is the MAGIC token. Launched in September 2021, MAGIC has been the key cross-gaming currency linking players, games, and communities in the larger Treasure ecosystem.
The token has a multi-purpose utility use-case from governance to staking. For the project, MAGIC will be the fee token for cross-chain infrastructure. Some of the resulting transaction fees will be shared with Arbitrum to ensure both entities’ objectives and operations are aligned.
Based on the projectโs timeline, Treasure will roll out the Treasure Infinity Chains on the test net by Q1 2024 to ramp up early adoption. However, an official mainnet launch is expected by Q3 2024 to allow for the evaluation of key chain features.
How Did MAGIC Price React to the News?
In most cases, such development news and proposals always affect the underlying token prices. A look at MAGICโs price action in the past 24 hours revealed no bullish prospects, at least for now.
Although the token was up 28% on a monthly basis, it dropped 10% on the daily front by press time. It traded at $1.26 at the time of writing, according to Coinmarketcap. How more utility usage in the upcoming Treasure Infinity Chain project will drive demand on the price charts remains to be seen.
Treasure DAO Unveils Its End-to-end Gaming Ecosystem Treasure Infinity Chains
