In just eight short months, Treasure has achieved milestones that we never could have imagined when we first launched. We’ve become the dominant NFT platform on Arbitrum, created an ever-expanding ecosystem of games and builders, and launched new brands sparking cultural movements.

Trove has officially launched its alpha version to level up your NFT collecting experience as the successor to the dominant NFT marketplace on Arbitrum, the Treasure Marketplace. Built by TreasureDAO and denominated in MAGIC and ETH, Trove aims to bring a new flavour to NFT marketplaces: gamification. Trove will offer both collections and collectors a unique, gamified experience that has never been attempted by a marketplace before.

Today, TreasureDAO takes a huge leap forward in realizing our vision of the connected metaverse. Everyone, our time has come, and the AAA gamers are coming to Treasure.

Treasure was founded on the idea that decentralized metaverses should have fair launch origins. Rather than making users pay upfront, builders distribute the core building blocks of the metaverse for free and allow the community to create value with them. The long-term value of the metaverse is not determined by the initial mint cost but rather the work that users put into creating value. Fair launch ensures that the metaverse remains open, collaborative, and permissionless in design.

With the MAGIC DAO set to launch, the Treasure team’s ability to control the direction of the project will wane. Decentralization will serve two purposes. First, it creates the conditions by which a true metaverse can develop, free of proprietary distortion.

Later this week, the Treasure project will launch its native marketplace on Arbitrum. The marketplace — which will be the first NFT viewer and marketplace on Arbitrum compatible with all token standards — marks the end of the v1 launch. We recently issued new, fully animated Treasure and Legions cards as well as implemented the second wave of MAGIC mining. The current mine has a reflexive design wherein MAGIC staking results in higher emissions from the mine and “turns on” the capacity of treasures to begin minting consumables.

Treasure began as a free, fair launch derivative of Loot. The treasure cards were intended as the building blocks for a self-contained universe. The MAGIC token — which today concluded its initial farming phase — is the substance that tethers the Treasure ecosystem. It is not just a currency. It is the economic resource that stabilizes the entire economy.

The MAGIC farm is ending! The Treasure ecosystem will now officially be transitioning to Arbitrum in October.

On October 6th, the Treasure ecosystem will go live on the Arbitrum sidechain. To facilitate this transition, we will be offering special incentives for users who move MAGIC currently on Layer-1 Ethereum to the staking pools on Arbitrum.