Thread by @Cov_duk

Why @Treasure_DAO is 🔥

A deep dive into what the Steam of Web3 is doing right and why it's positioned to take over blockchain gaming.

The bull case 🐂

A thread 🧵👇

2. I’ve heard a lot about @Treasure_DAO but only recently dove in.

I came out loving the vision and what they're doing.

https://twitter.com/Cov_duk/status/1503519827855503362

3. Essentially Treasure is a decentralized gaming platform that gives tools and frameworks for teams to launch their own web3 games.

It also takes care of the economics.

4. Web3 economics is huge. It literally makes or breaks the project. Check out this thread by @amytongwu

twitter.com/intent/like?tw…

5. Since projects use $MAGIC, they leave the complexities of managing the economics to @Treasure_DAO.

Which is big, makes building and creating way more approachable.

6. Creating web3 games is pretty hard.

Not only do you have to create an entire game and community, but you also have to plan out the tokenomics and so many other things.

There is a need for a group like TreasureDao.

7. Through providing tools and frameworks for devs and taking care of the economics, @Treasure_DAO fills a crucial spot that remains vacant in the web3 gaming space.

It has become that base layer that fosters other metaverses, almost like what #Cosmos is for blockchains.

8. For gameplay to evolve, a body like @Treasure_DAO is necessary and is inevitable.

A big thing that metaverses and blockchain games talk about is interoperability. Using assets and NFTs from one game in another.

9. This hasn’t happened all that much, but it will.

Right now, the biggest barrier for this is the fact that everyone is using different chains and different tech stacks.

10. However, Treasure is changing that by providing the same frameworks and the same $MAGIC tokens, while providing the incentives to push teams to work together.

11. TreasureDAO is built from a bottoms up approach.

Mints are free and teams only make money if their game pops off. This makes sure that the devs only make money if they build the game.

12. Everything revolves around $MAGIC.

The devs build with composability and interoperability in mind.

This makes the entire ecosystem similar to building blocks.

Teams can utilize other games’ systems to build their own world. They can even build off of others’ lore.

13. This interoperability exceeds just the interoperability in code, resulting in interoperability of lore, narrative, strategy and assets. In other words, it is true to the vision of blockchain gaming

14. One of the biggest benefits that @Treasure_DAO provides is the fact that it handles the economics of the entire ecosystem.

Being an indie game studio is hard af. Game retailers are needed to distribute the game and they take a huge cut (~30% in some cases).

15. In the web2 world, Steam does a lot of the heavy lifting for small games.

In the web3 world there is a need for a similar platform that is a community hub and helps with the economics.

However, steam has its flaws and its web3 counterpart is going to be decentralized.

16. @Treasure_DAO is filling this role.

Treasure handles the tokenomics, make sure $MAGIC is doing well, is a community hub, and provides tools and frameworks.

It is extremely well positioned to be the web3 Steam.

17. Treasure’s main game, Bridgewater is a game that gets guilds to fight over $MAGIC.

It’s really unique, innovative and fun.

Using $MAGIC, players can influence things like game weather and unlock maps. This has hooked many and resulted in Treasure’s surge in popularity.

18. I LOVE the focus on community driven game development.

A BIG problem that plagues current blockchain games is that most of the teams get their money before they build anything.

Once they get their money, the incentive to create an amazing game is lacking.

19. At the end of the day, the people playing the games are the users.

The users being involved in shaping the game is huge, it forms a stronger sense of community and ownership.

Only when and if the game suits the community’s interests the team makes money.

20. This sets a strong incentive for building a great community and a great game. In the future, for the blockchain gaming space to thrive, this is the model.

21. Additionally, this has also led to very fast development times. There are already 10+ games on treasure, although Treasure only launched after August 2021.

22. Treasure has exploded recently. It’s marketplace is popping.

Additionally, Treasure is launching the Trove soon, an NFT marketplace where NFTs will be listed in ETH and not $MAGIC.

Trove is well positioned to be the go to Marketplace for Arbitrum

23. @Treasure_DAO is in a very exciting place.

It is very well positioned to become the steam for web3. It could very well become the base layer that most web3 games build on.

I love the vision and what they’re trying to do. Big bullish 🐂

24. Accounts to follow for $MAGIC insights:
@Treasure_DAO @Dior_eth @smol_toad
@Tr_Street_Punks @SmolPotions @SmolSnackShop
@vincentgmoe @dorohoy @sjcpapa @MikeAbundo
@smolsharks @6Foot4Honda @KingPixelPush
@RealCryptotem @EmmanuelUguma

RT would mean a lot!

25. Accounts to follow for $MAGIC insights:
@Bmoreblockchain @World_Edxxx @smolove__
@PeachNFT @Anonn_eth @Br0keboy96
@kkowll @n87828782 @flycactus_ @dabz_official
@World_Edxxx @0xKongy @Bmoreblockchain

RT would mean a lot

26. Hope this was insightful, a retweet would mean a lot! I frequently write 101s and breakdowns, follow to keep up.

Here are some of my past 101s:

https://twitter.com/Cov_duk/status/1500714387417436168