Magic Research Hub | MAGIC information, history and analysis
Magic (MAGIC) is a decentralized platform that successfully realizes the goal of connecting NFT projects into a large ecosystem. To date, Magic is the largest decentralized NFT ecosystem on Arbitrum.
The project initially focused on developing DeFi integration in a way that is accessible to users according to basic concepts such as providing liquidity.
MAGIC is the native token of the Treasure metaverse and is also used to:
- Manage the activities of the ecosystem
- Single token used for transactions, with three core products: Bridgeworld, The Beacon, and Trove.
Treasure DAO’s chief contributor, John Patten, announced a restructuring to extend the financial runway to February 2026, addressing the annual burn rate of 8.3 million USD. Measures include workforce reductions, with 15 contributors leaving, and halting certain operations.
Patten plans to withdraw 785,000 USD from Flowdesk to bolster the DAO’s treasury, which currently holds 2.4 million USD along with 22.3 million MAGIC valued at 2.3 million USD. This financial move aims to secure operations through February, contingent on market performance.
The DAO is shifting focus to four essential products for future sustainability and growth. Patten emphasized that partnerships will hinge on revenue generation as the organization aims to harness the MAGIC token effectively amidst recent valuation declines.
Token Spotlight: Treasure DAO (MAGIC) and outstanding advantages in the NFT field
MAGIC has a strong strategic card called The Marketplace and a bridge linking projects in the Treasure ecosystem called Bridgeworld. In addition, MAGIC provides token holders with tremendous benefits.
Details: https://bit.ly/47tOqUJ.
