TreasureDAO

Treasure DAO is a decentralized NFT ecosystem on Arbitrum that is built specifically for metaverse projects.

How it works

Every project listed on Treasure’s marketplace utilizes MAGIC in their respective metaverses, with each community inventing its own lore and storytelling for this resource. MAGIC, the native token of Treasure, is the sole currency for marketplace transactions. In this way, MAGIC acts as the reserve currency for the entire web of metaverses connected under the Treasure umbrella.

Treasure projects are linked–narratively and economically–through MAGIC. The DAO uses MAGIC emissions to grow new projects and continue supporting more mature ones.

The central metaverse in Treasure is a place called Bridgeworld, where MAGIC is emitted and harvested. Bridgeworld utilizes a three-part resource economy:

  • $MAGIC (Power);
  • Treasures (NFT | Resources); and
  • Legions (NFT | Players)

MAGIC Token

MAGIC is the natural resource of the Treasure metaverse, which “powers on” NFTs and turns them from fantasy into productive, yield-bearing assets.

veMAGIC

vested $MAGIC (or "veMAGIC") is $MAGIC that is staked in the mines and time-locked, thereby converting their $MAGIC into veMAGIC. veMAGIC cannot be traded or transferred until the user’s selected time period has expired.

Sources: