Crypto gaming ecosystem Treasure had choices. Constructed on Arbitrum, the platform—which at present spans 15 video games—attracted proposals from the Optimism, zkSync, and SKALE groups in latest weeks emigrate to a different Ethereum scaling community.
As a substitute, Treasure intends to double down on Arbitrum. This week, the ecosystem’s core crew introduced plans to launch a Treasure Chain constructed on Arbitrum and utilizing its present MAGIC token to pay for gasoline, with an internet of “Infinity Chains” that may energy the varied video games being constructed round Treasure.
Underneath the proposed plan, which Treasure’s DAO nonetheless has to approve (with a vote deliberate for Monday, February 12), Arbitrum developer Offchain Labs will construct out the Treasure Chain—a customized Ethereum layer-2 scaling community—that can then allow recreation creators to deploy their very own layer-3 Infinity Chains that orbit it.
“That is actually simply an evolution of our imaginative and prescient at Treasure, with the historical past of us being one of many earliest initiatives to construct on Arbitrum,” co-founder Karel Vuong defined to Decrypt’s GG. “The pure subsequent step for us was to launch in the direction of our personal chain. Our ambition is absolutely to construct this gaming and leisure powerhouse that is constructed and owned by everybody.”
We’ve seen different video games—like Pixels, Pirate Nation, and Crypto Unicorns—hop chains (or make plans to) in latest months, so what satisfied Treasure to stay with Arbitrum?
Vuong pointed to what they noticed as deficiencies with rival proposals, whether or not it’s the technical make-up (within the case of Optimism) or a perceived lack of traction with customers (as with zkSync). Arbitrum has particular performance that Treasure wants, he added, and so they’ve constructed up a consumer base in that ecosystem. On high of that, Treasure and Offchain Labs have already got a bond.
“We have been within the trenches collectively because the days the place Arbitrum gaming was in its infancy,” stated Offchain Labs Chief Technique Officer A.J. Warner. “Folks solely considered Arbitrum as a DeFi-focused setting.”
That’s now not the case. Treasure’s personal rise helped kick-start that evolution, with a rising record of video games together with The Beacon, Mighty Motion Heroes, and Kaiju Playing cards. Extra lately, Arbitrum has seen the rise of Xai, a layer-3 gaming chain that held an airdrop in January and can start rolling out video games within the coming months.
Vuong and Warner each stated they see potential for interoperability and collaboration throughout the Arbitrum gaming area, although Warner stated that they’re nonetheless “taking a look at the most effective methods to do it securely with out compromising.” As he famous, bridges between chains are typically inclined to assaults, as seen with the Ronin Community’s $622 million bridge exploit in 2022.
If Treasure’s DAO approves the proposed plan, then the core crew goals to get the Treasure Chain testnet launched by the tip of this quarter, with a mainnet launch in Q3 2024.
Vuong sees an array of potential advantages to the plan, together with enhanced cohesion throughout the Treasure ecosystem, enhanced utility for the MAGIC governance token, and the flexibility to implement creator royalty settings on NFT gross sales. For Treasure, too, it’s a chance to take its rising toolset for recreation builders and construct one thing even larger with it.
“We’re seeing this chance to construct new IP as a decentralized recreation writer,” Vuong stated, “nearly like a brand new Marvel Cinematic Universe, however one that’s really bottom-up.”
Edited by Ryan Ozawa.
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