TreasureDAO Ecosystem: Preparing for a New Cycle

After a long period of silence and without many outstanding activities, the TreasureDAO ecosystem has recently become active again with many outstanding updates as well as the appearance of new games. In this article, let’s join Weakhand to update the TreasureDAO ecosystem and see if they have anything special.

Before jumping into the article, you can refer to some of the following articles to better understand TreasureDAO.

• What is TreasureDAO? TreasureDAO cryptocurrency overview
• TreasureDAO Vision to become the Nintendo of the Crypto market
• TreasureDAO & The True Gaming Ecosystem

What is TreasureDAO?

Overview of TreasureDAO

TreasureDAO is a Gaming ecosystem built on Arbitrum that aims to bring games and players together through a single platform. TreasureDAO started as an NFT project on the Loot ecosystem and then independently became a decentralized Gaming ecosystem sharing resources, community, and infrastructure.

Token Magic is the center of the entire TreasureDAO ecosystem, where players can use them in all activities such as: Buy NFTs on Trove Marketplace, participate in games in the TreasureDAO ecosystem, use to Swap on MagicSwap. Therefore, as the TreasureDAO ecosystem grows, the Magic token will become more and more valuable in the future.

TreasureDAO’s development process

Before going into updating the TreasureDAO ecosystem, let’s briefly review the development process of TreasureDAO:

September 2021: Officially launched on the Loot ecosystem

Loot is an NFT ecosystem started by Don Hoffman in August 2021. Loot adopts a bottom-up construction method that allows users to mint NFTs for free, and this has greatly influenced Treasure’s construction method at the present time.

Treasure’s first product on Loot is to provide the Loot community with free mint Genesis NFT Treasure Cards. Within the next month, Treasure launched its first revenue-generating protocol called Magic Farm.

November 2021: Switch to Arbitrum and launch the first NFT Marketplace

Treasure started with its implementation on Ethereum. However, after a month since launch, the development team realized that their impact on the community was not enough and so they officially switched to Arbitrum in October 2021. Soon after, they also officially launched Treasure Marketplace in November 2021 and became the first NFT Marketplace on Arbitrum.

February 2022: Launch of the first game called Bridgeworld

Bridgeworld is the first game to launch on Treasure in which players build and manage their own kingdoms, compete for resources, and battle others for dominance.

As for gameplay in Bridgeworld, players will need to summon and level up legions to go on quests to find valuable resources, mine MAGIC tokens, and engage with guilds to grow their armies. and face off against opposing players.

April 2022: Launch important improvements to attract other outside game projects

To realize their vision of becoming a decentralized game hub, the Treasure team realized that simply building an ecosystem focusing on the team’s core resources was not enough so they shifted their focus to game projects, experienced game developers building on their ecosystem. In April 2022, Treasure entered into a partnership with its first partner Strider, promising to have many quality games on Treasure in the near future.

June 2022: Changed brand name to TreasureDAO

With the goal of becoming the first decentralized gaming platform and reshaping the next generation of gaming. Community contribution is extremely important, so Treasure decided to establish DAO and changed the brand name to TreasureDAO.

Update Outstanding Activities on the TreasureDAO Ecosystem

After a long time without many outstanding activities, recently, TreasureDAO has returned with some important updates. Besides, we also see continuous new updates from games in the TreasureDAO ecosystem, let’s find out with Weakhand now.

The number of users shows signs of growth again

First, we see that the number of daily active users on TreasureDAO is showing signs of growth again recently. According to data provided by DappRadar, the number of daily active users on the TreasureDAO ecosystem reached about 700 people, higher than the period of August and September 2023 when it only reached about 400 people.

Another special thing to mention is that the transaction volume on the TreasureDAO ecosystem has shown signs of returning and gradually increasing recently. This may come from the main motivation of Incentive activities on the Arbitrum ecosystem, and it may also come from the fact that the GameFi trend is showing signs of rekindling.

Upgrade infrastructure and update some new features on Treasure Platform

Recently, Treasure Platform also brought a number of updates related to its platform such as the addition of a new shopping cart, a sweep feature that allows users to purchase multiple NFTs at once, and other improvements across the board. website suite from badge system to homepage updates.

In recent times, the development team has also focused on updates to the platform and infrastructure for Treasure (such as marketplace SDK, platform tasks and rewards, account abstraction) to provide an environment Best for games built on TreasureDAO. In addition, the team is also continuously expanding the team by recruiting new positions from CTO to Head of Art, Executive Producer,… to bring the best quality team to support TreasureDAO’s development process. .

Game updates and partnerships

First, Kaiju Cards has launched a Pioneer Event allowing users a month-long free-to-play starting from September 20, 2023.

Next we come to Mighty Action Heroes, after launching the Open Beta version in July 2023, they recently continued to release their first major update with the launch of Open Beta: Mighty Road in mid-September /2023.

As for The Beacon, they have updated the new Cosmetic system in the third quarter of 2023, supporting adjustment of character movement and direction. The new system is more flexible than the characters in the previous game and introduces more visual options and changes to more hairstyle states, giving creators more creative freedom.

In recent times, TreasureDAO’s core team has also been working and investing in several studios, possibly to develop a product in the near future. Additionally, through the TIP-28 vote, TreasureDAO has also reserved ARB to be used to grow the ecosystem through grants and investments in TreasureDAO’s game partners.

The Future of TreasureDAO

At the present time, we see a huge difference compared to the booming time of the gamefi trend in 2021: The games are invested more carefully and with more quality, such as the game Big Time or Coming soon is Shrapnel, the infrastructure for gamefi is becoming more complete with the emergence of more and more new Blockchains and Platform Games such as: Ronin, Xterio or Oasys.

So where does TreasureDAO stand in a GameFi space that’s starting to get crowded?

Regarding the games built on TreasureDAO at the present time and in the near future, they are definitely not AAA games but for Fun games aimed at customers who play for entertainment or to make money. But in general, I still don’t see any difference between the games on TreasureDAO and the games on the market at the moment.

Regarding the inside of the project, TreasureDAO owns a Treasury of up to 39M USD, most of the assets include: ARB, Magic and StableCoin. TreasureDAO’s primary revenue source comes from marketplace fees and in-game revenue. In the third quarter of 2023, TreasureDAO also earned 151,592 USD with market fees of 81.2 thousand dollars and in-game revenue of 70.4 thousand dollars. In general, this revenue source is not large compared to other Platform games, but the fact that the team publicly discloses its financial reports to the community shows a professional working attitude and everything is transparent here.

In general, TreasureDAO does not have much difference when compared to other Platform games at the present time. So understanding this, TreasureDAO is having a Marketing roadmap to help more people know about its ecosystem.

First, I mentioned above that TreasureDAO is working with a number of movie studios and this is probably to develop the Youtube and Tiktok channels they are about to launch. Next is the Quest and Reward system, providing tasks with rewards that stimulate users to participate in its TreasureDAO ecosystem. Finally, there is a plan to launch Desktop Launcher and Treasure Login V1 to reduce barriers and help more people, especially Web2 users, come to TreasureDAO.

summary

TreasureDAO has clear plans and Road Map in the near future to help bring more users to the TreasureDAO ecosystem. Above is all I want to update about the TreasureDAO ecosystem in this article. I hope everyone has received useful knowledge.