Treasure is a decentralized NFT ecosystem built on Arbitrum specifically for metaverse projects. Every project listed on Treasure's marketplace uses MAGIC in their respective metaverses, each with its own lore and storytelling for this resource. MAGIC, the native token of Treasure, is the only currency accepted for marketplace transactions. Thus, MAGIC serves as the reserve currency for all metaverses connected under the Treasure umbrella. Projects on Treasure are connected, both narratively and economically, through MAGIC. The DAO uses MAGIC emissions to develop new projects and sustain existing ones.

Treasure DAO Fundraising

Fundraising Event

Round	Amount	Valuation	Date	Investors
Financing after Listed	$4M	$80M	Sep 26, 2022	Digital Strategies* Neon DAO Arbitrum / Offchain Labs ID Theory Alchemy Ventures KGeN StreamingFast IOSG Ventures 1kx Skycatcher
--	$3M	--	Dec 23, 2021	1kx* Neon DAO Ready Player DAO Merit Circle AcadArena

Investor

Treasure DAO Team

Chief Technology Officer

Treasure DAO Investment Portfolio

Rounds in the Past Year

Historical Rounds

Lead Investments

Portfolio Numbers

Project	Funding Status	Region	Categories	Ecosystem	Founded	Token Issuance
BattleFly			Gaming	trọng tài	Jan 01, 2021	No Token

Magic

MAGIC

-5.5%

Total dollar volume24H

$31,265,040

High24H

0.4189 USDT

Low24H

0.3791 USDT

Market Cap

#387$107,810,068

FDV

$133,582,579

Turnover rate

29%

Circulating supply

274,116,624

Total supply

339,645,510

Max supply

347,714,007

All time high

2.3298 USDT

All time high date

Feb 16, 2023

Down from All time high

-83.12%

Cycle low

0.2781 USDT

Cycle low date

Aug 05, 2024

Up from cycle low

41.42%

Contracts

Official links

Socials

Introduction

Treasure DAO is a popular decentralized game ecosystem on the Arbitrum ecosystem, and the general governance token is MAGIC. It is famous for its excellent community culture and the continuous release of mini-games of pixel level, known as the WEB3 version of Nintendo.

MAGIC tokens will be issued on December 28, 2021. The initial issuance price is US$0.5. The total number of issued tokens is about 350 million, and the output is halved every year. The current price of MAGIC is US$0.61, the total circulating market value is about US$135 million, and the FDV is about US$200 million, which is currently up 122%. There are currently 4,377 MAGIC currency holding addresses, and the Top100 addresses hold 99.8% of the total circulation, and the distribution of currency holdings is very concentrated.

The founder of Treasure DAO is John Patten. Currently, it mainly deploys BridgeWorld, an NFT market, Trove and Treasure Marketplace (the latter is the first NFT market on Arbitrum), and gamefi projects (such as life, The Beacon). Mechanisms such as combat, breakthrough, and cultivation in the game revolve around mining, NFT, and transactions, and closely revolve around the economic and governance attributes of MAGIC tokens.

Treasure DAO has created an effective POW mechanism by real work in the games. MAGIC's blockchain economy and game content(constantly releasing new mini-games) are closely integrated. This is a good reason why MAGIC tokens can be used in many Gamefi projects.

Terms

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