About Magic (MAGIC)
TreasureDAO is a decentralized NFT ecosystem aiming to unite various metaverse spaces under a single decentralized autonomous organization of the same name. TreasureDAO and its related assets are deployed on the Arbitrum Ethereum Layer-2 scaling network. The DAO's governance token is called MAGIC and is used by holders to vote on which projects to onboard, future MAGIC distribution and the fees charged by its native NFT marketplace. Additionally, all transactions on the Treasure Marketplace use MAGIC, and holders can stake TreasureDAO assets to generate yield.
Central to the Treasure ecosystem is the metaverse space Bridgeworld. In addition to being a play-to-earn game in its own right, Bridgeworld aims to serve as a base layer for other metaverse spaces that utilize the MAGIC token. There are also plans to launch a general NFT marketplace later in 2022 to fund TreasureDAO's metaverse ambitions further.
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