Treasure and the $MAGIC of Community-Driven Lore
The Project Building What "Loot" Was Supposed To Be - Can it Work?
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At first glance, Treasure has a difficult premise.
For seasoned investors in the gaming world, Treasure’s biggest selling points almost seem like red flags":
The success of the project seems reliant on third-party game studios and developers, who are expected to build games for Treasure’s ecosystem;
It wants these games to use Treasure’s own cryptocurrency, $MAGIC, regardless of game type;
Oh, and the kicker? The team has little to no gaming experience at all!
But despite these its challenging thesis, Treasure claims to have onboarded over 100,000 gamers and facilitated over $264M in volume on their marketplace, across 9 partner games and 40+ NFT projects in under a year since launch.
So what exactly is drawing games and gamers in Web 3 to Treasure? This week, we will examine the power of community-driven creation, lore-before-gameplay, and dive into:
Contents
What is Treasure?
Origins of Community-driven Metaverses
Loot and Its Relationship to Treasure
The Team Behind Treasure
Key Products in Treasure
MAGIC: Treasure’s Unit of Account
Cartridges: Game Titles in Treasure
Trove: Treasure’s Own Steam
MagicSwap: Treasure’s Own Uniswap
Treasure’s Network Effects
Upcoming Events for Treasure
As a disclaimer, Jason is an angel investor in Treasure and holds locked $MAGIC tokens.