Here's your intro guide to #treasuredao, the NFT ecosystem that connects metaverses.
👇🧵
2. Lately, there’s been a lot of talk about @Treasure_DAO.
Treasure is an #NFT ecosystem built on Arbitrum ( ETH L2) that bootstraps other NFT metaverses.
3. Treasure projects use $MAGIC in their ecosystem. Each community creates its own story for the Treasure marketplace and all treasure projects are linked through $MAGIC.
4. Bridgewater is Treasure’s primary game and the central hub of Treasure. It that revolves around exploring, creating and extracting $MAGIC and has a three tiered economy.
5.
a. $MAGIC is the native token that powers just about everything. Its emissions are designed to be increasingly scarce as the ecosystem grows
6. All Treasure projects are linked through $MAGIC. Treasure DAO uses $MAGIC emissions to build new projects and to power old ones.
7. Essentially, $MAGIC is the fuel for the entire Treasure economy. Without $MAGIC, there would be no way to build Treasure or any other associated projects.
8. Ultimately, Treasure believes that $MAGIC can become the #ETH of the metaverse. I
It is earned by staking and playing games such as Bridgeworld and others
9.
b. Treasures are NFTs and a resource that is found across the metaverse.
Each Treasure has its own tale that connects realms.
Essentially they are the bridges that connect them.
10. Players can choose to create goods from Treasures or burn them for special effects. It can be staked to earn $MAGIC
11. Legions are NFTS that are required to play the game.
Players use Legions to mine, farm, craft, quest, battle, in order to develop the Bridgeworld.
12. The Treasure metaverse functions through $MAGIC and treasures. Treasures are magical items that can produce new resources, when enough $MAGIC tokens have been staked.
Treasure is also working with the former head of graphics at Netflix to create a game for legions only.
13. Treasure believes that there will be multiple metaverses, all connected by bridges, just as is the case with blockchains.
Similarly, assets will move between these universes. Their goal is to make $MAGIC the fuel of all these different ecosystems and projects
14. In order for this to happen, Treasure has a fund to acquire other metaverses.
Projects who join Treasure will benefit from instant community, a greater narrative, and a treasury backed by a token with a market cap of over $20 million.
15. This is all headed by @Treasure_DAO, which is made up by people staking $MAGIC. It uses $MAGIC to fund and create projects.
The Treasure Marketplace started the only fully decentralized high traffic marketplace and is owned by TreasureDAO.
16. The marketplace takes a five percent commission on all sales, which goes back into the TreasureDAO to help fund new projects and fund other decisions the DAO makes.
17. Treasure is very interesting. It has a focus on creating value and then reaping rewards. Games are free.
As the games grow and the ecosystems grow, teams make money.
18. A big problem that has been plaguing NFTs and blockchain games is that payment is upfront. Players mint an NFT collection and put millions in the team's wallet.
Once that happens, there is no incentive for them to build. Most projects fail and don't create value.
19. Yet teams are getting rich. Treasure focuses on creating value first, then paying the team.
This is big but also what is sustainable in the future.
20. Hope this was insightful. This is the first of many @Treasure_DAO tweets. Follow to keep up. A retweet would mean a lot.
Here is your intro guide to Polkadot, the latest L0 that has been gaining a lot of traction
A thread 🧵👇
2. #Polkadot is a network that allows data transfer between blockchains. It is an ecosystem that unites multiple individual networks into a single one.
In other words, it is the base layer (L0) upon which other chains (L1s) are built.
3. Polkadot has two chains:
The relay network is the main network that is used for transactions and consensus.
Parachains are independent networks that use the Relay chain’s power to process on chain transactions.
2. #Avax announced that they are launching the #Avalanche multiverse, an upto $290M incentive program to accelerate avax adoption and advance the growth of the subnet functionality.
This is big news
3. Essentially, #AVAX uses this tech called subnets, where the blockchain is split up into smaller subnets.
Protocols can have their own subnets. This takes the load of the entire chain and one big protocol will not clog up the entire system.