Cryptocurrency gaming ecosystem treasure There were options. base decisionThe platform, which currently encompasses 15 games, optimism, zkSyncand Rocks In recent weeks the team has migrated to another team. Ethereum Network expansion.
Instead, Treasure plans to double down on Arbitrum. This week, the core team of the ecosystem announced plans We launch Treasure Chain, built on top of Arbitrum, with a web of “Infinity Chains” that can power a variety of games built around Treasure, and use existing MAGIC tokens to pay for gas.
Under the proposed plan, which Treasure’s DAO still needs to approve (scheduled for a vote on Monday, February 12), Arbitrum developer Offchain Labs will build Treasure Chain, a custom Ethereum layer 2 scaling network, to enable game creators. Deploys its own layer 3 Infinity Chain orbiting the chain.
“This is really an evolution of Treasure’s vision. Our history is that we were one of the first projects to build on Arbitrum,” explained co-founder Karel Vuong. decryptionThis is GG. “Our natural next step was to launch towards our own chain. Our ambition is to create a powerful gaming and entertainment house that everyone can build and own.”
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The lightpaper for Treasure Chain is here!
This expands our vision to build an end-to-end gaming ecosystem. everything connected $MAGIC, Supports infinite games. ♾️https://t.co/ZwNbg25H8l pic.twitter.com/otcgfdNzbp
— Treasure (@Treasure_DAO) February 5, 2024
We also looked at other games such as: pixel, land of piratesand cryptocurrency unicorn—With so many chain hops (or plans) in recent months, what made Treasure stick with Arbitrum?
Vuong pointed out what he sees as flaws in competing proposals, whether it’s their technical setup (in the case of Optimism) or lack of traction with users (in the case of zkSync). Arbitrum added that Treasure has the specific features it needs and has built a user base in its ecosystem. Moreover, Treasure and Offchain Labs already have ties.
“We’ve been in the trenches with the Arbitrum game since its infancy,” said AJ Warner, Chief Strategy Officer at Offchain Labs. “People use Arbitrum just to DeFi-Intensive environment.”
That is no longer the case. Treasure’s growth is driven by The Beacon, Mighty Action Heroes, monster card. Arbitrum has been on the rise recently. Xai, a layer 3 game chain The airdrop took place in January and the game is expected to begin shipping in the coming months.
Both Vuong and Warner said they see the potential for interoperability and collaboration across the Arbitrum gaming space, although Warner said they are still “looking at the best way to do it safely and without compromise.” As he points out, bridges between chains tend to be vulnerable to attacks. Ronin Network’s $622 Million Bridge Exploit In 2022.
If it’s a treasure Dao If the proposed plan is approved, the core team aims to launch the Treasure Chain testnet by the end of this quarter and the mainnet in the third quarter of 2024.
Vuong saw potential benefits of the plan, including strengthening cohesion across the Treasure ecosystem, improving the usability of the MAGIC governance token, and the ability to enforce creator royalty settings. NFT sales. For Treasure, it’s also an opportunity to leverage a growing set of tools for game developers and use them to build bigger things.
“As a decentralized game publisher, we see opportunities to build new IP,” Vuong said. “It’s almost like the new Marvel Cinematic Universe, but truly bottom-up.”
Edited by Ryan Ozawa.