7 months ago ·
4 min read
In the past few weeks, we’ve seen several key narratives take shape:
The first being the NFT sector seeing a resurgence with OpenSea trading volumes set to make record highs
The second being Layer 2 ecosystems becoming more popular and attractive to users as more projects begin to deploy and launch incentive programs on them.
With users looking to capitalize on these narrative rotations, one of the projects that has been the talk of the town that combines the best of both narratives is Treasure DAO. Stick around as we dive deep into the Treasure DAO metaverse, understand the craze behind it, and uncover why you should probably be paying attention to it.
Treasure started out as a 10k free to mint LOOT derivative NFT project by John Patten & Yuta that followed the same bottom-up approach that LOOT encouraged when it came to development; start with simple primitives and allow the community to imagine and build these out for the ecosystem.
The key problems of many LOOT derivatives were the misaligned interests of its founders and the vicious pump and dump cycles that occurred as users were sold into “The Next LOOT” narrative.
The result was a non-existent metaverse, with builders nowhere to be found and a community that just disappeared overnight having accepted the loss, and moving on to mint the next Loot derivative to hopefully make a profit from.
This competition of extracting as much value as possible is completely the opposite of the Bottom Up Decentralized Gaming Ecosystem Thesis (BUDGET) that LOOT set out to achieve.
Treasure realized this early on and iterated upon this model. By serving as the bridge between metaverses and offering an interrelated resource economy, Treasure DAO seeks to establish a Decentralized NFT ecosystem that helps bootstrap other metaverses; a Nintendo for Web 3.
Bridgeworld is Treasure’s first flagship game and the central hub of the Treasure Metaverse that revolves around exploring, creating and extracting MAGIC through an interrelated resource economy involving MAGIC, Treasures & Legions.
Native token and currency of the Treasure Metaverse
Used to power everything and emissions are designed to be increasingly scarce as the ecosystem grows
Earned by staking in the Mine & playing Treasure Games such as Bridgeworld and others
Scarce resources shared across the Treasure Metaverse
Currently, it’s main utility is that it can be staked to earn MAGIC in the Genesis Mine at an average rate of ~0.14 MAGIC per point per day
Future utility involving Treasures in Bridgeworld will come through some form of consumable farming where the rarest Treasures will be required to create the rarest items in the Treasure Metaverse
Mandatory to play in the Bridgeworld
Genesis Legions are unmatched even against max upgraded Non-Genesis Legions
Genesis All-class Legions will be able to do anything
Genesis Legions also get staking multipliers
As the Treasure metaverse scales, Gen1 Legions will be inflated via summoning to accommodate the next wave of users. The supply of Genesis Legions, however, will never increase.
Native marketplace on Arbitrum where Treasure’s NFTs as well as its partner-project’s NFTs are listed and sold with MAGIC as the medium of exchange
For Treasures & Legions, a 5% royalty fee is charged
Since inception, the Treasure NFT Marketplace has overtaken Axie Infinity’s Daily Marketplace volume on 3 separate occasions
This week saw the Treasure NFT Marketplace generate $25.8M of volume of which 5% translates to (~$1.29M of revenue that goes to Treasure DAO)
Smol Brains (Live) - A game by Treasure where users stake Smol Brain monkeys to make them smarter and build their world
Smol Bodies (Live) - A game by Treasure where users stake Smol Body bodybuilders to get them swol
Toadstoolz (Soon) - More info coming soon
Peek-A-Boo! (Soon) - An interactive and skill-based P2E game by independent developers where Ghosts & Busters try to hunt each other
Enjoyooooor (Soon) - No further information available yet
Battle Fly (Soon) - An experimental PvP/P2P DeFi strategy game
Imperium (TBA) - No further information available yet
Mushrohms (TBA) - A game developed in collaboration with Olympus Odyssey
Ether Orcs (TBA) - No further information available yet
ClocksnatcherDAO - First & biggest guild / sub-DAO in the Treasure Metaverse
Alliance DAO - Preeminent Bridgeworld DAO
Fly Tribe - Guild focused on collecting feathers
Gather Guild - Collect, Collaborate, Conquer, Gather Treasures & set ourselves free
Ox DAO - Be as strong as an Ox
The Treasure Hunter Guild - Treasure Hunter Guild
Rent-A-Kek - Rent-A-KEK Smol Car
Magic Conch Shell - All hail the magic conch. The Conch welcomes all
Cult of Favor - Decentralized Guild of Mysticism in Bridgeworld
Pink Hat Posse - A guild for music, style, and fashion
Donkey DAO - DonkeyDAO will be the largest & most equitable sub-DAO
Stonecutters Guild - The guild of castle owners in the Treasure ecosystem
Cap Only Smol Guild - Fellow cap smols UNITE
The Void - We see all. We tell stories
Treasure Tools - A suite of tools ranging from Rarity for NFT collections, NFT Gallery and many more to navigate Treasure DAO
The Collectors - Auto compounding vaults for MAGIC-ETH LPs
Treasure Stats - Display and view Treasure NFT Sale Statistics
In the span of 5 months, the Treasure DAO ecosystem has grown extensively to over 10+ partnered projects, 14+ Sub-DAOs / Guilds, and a community that is only bound to grow exponentially as network effects take the metaverse to new heights.
With a suite of products set to launch in the coming weeks by a team that has been consistently shipping, it’s hard to not be bullish on the Treasure Metaverse as a whole and should certainly be on everyone’s radar this 2022.
A little MAGIC can go a long way ~
7 months ago ·
4 min read
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