A gaming-focused altcoin constructed on Ethereum (ETH) is recording huge positive factors, main a lot of the crypto markets during the last month.
MAGIC is the native token and “pure useful resource” of Treasure, a challenge that goals to be a decentralized online game ecosystem.
Initially constructed on high of the Ethereum mainnet, Treasure finally migrated to Arbitrum, an optimistic rollup scaling resolution that settles transactions off-chain for decrease charges. Arbitrum doesn’t have a token but.
Treasure simply launched a brand new Sport Builders Program (GBP) to incentivize aligned, high-potential video games constructing within the Treasure ecosystem. This system is supported by Arbitrum, in keeping with a thread from Treasure.
Says Treasure,
“Why construct with Treasure?
Constructing with Treasure launches video games into a robust flywheel of deeply related communities and builders, strengthened by means of interoperability.”
Becoming a member of the GBP grants builders hands-on assist from Treasure, in keeping with the announcement.
To kick off the brand new 12 months, 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 development. Optimism (OP), one other main Ethereum scaling resolution, 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 biggest Ethereum scaling resolution by market cap, is presently buying and selling at $0.99, up about 31% 12 months so far.
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Featured Picture: Shutterstock/Salamahin/Brian A Jackson
