A gaming-focused altcoin constructed on Ethereum (ETH) is recording huge positive factors, main many of the crypto markets during the last month.
MAGIC is the native token and “pure useful resource” of Treasure, a venture that goals to be a decentralized online game ecosystem.
Initially constructed on high of the Ethereum mainnet, Treasure in the end migrated to Arbitrum, an optimistic rollup scaling answer that settles transactions off-chain for decrease charges. Arbitrum doesn’t have a token but.
Treasure simply launched a brand new Recreation Builders Program (GBP) to incentivize aligned, high-potential video games constructing within the Treasure ecosystem. This system is supported by Arbitrum, in line with a thread from Treasure.
“Why construct with Treasure?
Constructing with Treasure launches video games into a robust flywheel of deeply related communities and builders, strengthened via interoperability.”
Becoming a member of the GBP grants builders hands-on assist from Treasure, in line with the announcement.
To kick off the brand new yr, MAGIC soared as excessive as 185%, from a low of $0.48 on January ninth to a excessive of $1.37 yesterday. The Arbitrum-based altcoin has retraced since and is presently buying and selling at $1.18 with a market cap of $242 million.
Arbitrum isn’t the one Ethereum layer-2 having fun with progress. Optimism (OP), one other main Ethereum scaling answer, hit an all-time excessive of $2.50 on Saturday, which is a achieve of round 175% because the open of 2023.
Polygon (MATIC), the most important Ethereum scaling answer by market cap, is presently buying and selling at $0.99, up about 31% yr thus far.
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