$MAGIC is down to $0.40, which is about -93% from their ATH on Feb 19th.

While this situation is less fun than at $6, I’ve asked myself how the @Treasure_DAO ecosystem developed in the last 3 months and what’s coming up in the near future. A 🧵

2/ I think everybody in crypto knows the current bear market, so let’s just look at some GameFi benchmarks:
$AXS -89% from ATH
$GALA -91%
$JEWEL -98%
$ZUG -95%
$ILV -86%

So price seems to be down a lot nearly for all P2E projects, regardless what they have been doing 🤷‍♂️

3/ Let’s dive into @Treasure_DAO then: Their vision is to become the Nintendo of the Metaverse. On Feb 19th there was not one single partner project live on the treasure marketplace.

Now, 9 projects are already listed on the marketplace, generating sales fees for the DAO 💰

4/ A few weeks ago Treasures @playbridgeworld was relaunched, with new artworks and a new questing feature. This release was another step to close down the loops in the economy which existed in February. You remember the inflation of Legions and Treasures, right? 🤔

5/ Although the game is not perfect yet, I personally love the Triad game and the team is actively listening and discussing with the community on making it better day by day. That is and was always the strength of @Treasure_DAO!

6/ While Bridgeworld already shipped new features, @SmolBrainsNFT came together and redefined their mission, onboarded new talents like @sambino_eth and rolled out an amazing full rebrand

@Smolverse/we-are-smol-9e9354a8e340' target='_blank'>medium.com/@Smolverse/we-are-smol-9e9354a8e340

7/ I don’t know what the overall macro market will do and how much more down ETH and other tokens will go. But what I do know is that @Treasure_DAO is secured for the next 14 months and they and all their partners are building and getting stronger every day.

8/ So what’s coming next in the upcoming weeks? First of course is @TroveByTreasure, the new gamified marketplace, which will launch on June 13th with 14+ additional partners, which perfectly builds on the Nintendo narrative.

9/ Next, @Treasure_DAO’s own exchange, to swap $MAGIC with other tokens like $FIEF or $MEDALS and use them for liquidity pairing. Another important step for the composable Metaverse infrastructure and a future revenue source for the DAO.

10/ In @playbridgeworld we will finally see Harvesters going live, which will gamify staking of $MAGIC, close down more loops in the ecosystem and probably will open up ways for partner projects to earn $MAGIC (harvester wars ⚔️ ).

11/ Last, I’m super hyped about all the partnership projects like @BattleFlyGame releasing their racer game, @KnightsOfTheEth, @SamuRiseNFT and @TalesofElleria improving their games and all the other projects building and connecting with each other to invent exciting new stuff.

12/ Coming to an end of this thread: yes price is down, as it’s for all GameFi projects. But the @Treasure_DAO ecosystem itself is bigger than ever, and the various teams are constantly building & innovating.

The decentralised Nintendo of the Metaverse is coming alive 🕹