I've spent the last few months researching @TreasureDao & $MAGIC & am blown away by what is happening.
13 reasons why $MAGIC will be one of the best performers in 2022 π§΅π
1/ Decentralized Nintendo narrative
Just like Nintendo built the NES, @Treasure_DAO has built a framework for Web 3.0 games.
2/ The Team (talent, integrity, commitment)
β’ Founder @jpatten__ is head of growth at Osmosis
β’ Team gave away their IP (Free-to-mint NFTs)
β’ Initial $MAGIC liquidity pool was entirely self-funded & by the core team
β’ Team compensated in $MAGIC (1 year cliff, 2 years vest)
3/ Massive utility for $MAGIC token
β’ $MAGIC is in game currency for all games
β’ $MAGIC is needed to buy NFTs
More utility = More demand for $MAGIC = Numba go up
β’ Treasure marketplace already doing crazy volume
β’ Trove marketplace takes this to another level
β’ Trove to learn from @jumpmanft's Amazon experience
Again, $MAGIC powers everything
5/ Supply shock conditions
β’ 72% of circulating supply is staked in Bridgeworld
β’ 50% of this is staked for 12 months
6/ Major exchanges starting to list
β’ @okx (Second largest global exchange by volume) listed a few days ago
2/ The Lindy effect is a theorized phenomenon by which the future life expectancy of some non-perishable things, like a technology or an idea, is proportional to their current age.
3/ The Lindy effect proposes the longer something has existed the higher the chance it will continue to exist.
Every year that passes without extinction doubles the additional life expectancy. The robustness of something is proportional to its life.
3/ $NEAR allows developers to just deploy their app without thinking too much about how the infrastructure around it operates or scales, which is more like the modern clouds like Amazon AWS or GCP or Azure which drive almost all of todayβs web applications.