A gaming-focused altcoin constructed on Ethereum (ETH) is recording huge good points, 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 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, based on 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 way of interoperability.”
Becoming a member of the GBP grants builders hands-on help from Treasure, based on 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 at the moment 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% for the reason that open of 2023.
Polygon (MATIC), the biggest Ethereum scaling answer by market cap, is at the moment buying and selling at $0.99, up about 31% 12 months to this point.
Do not Miss a Beat – Subscribe to get crypto e-mail alerts delivered on to your inbox
Test Worth Motion
Comply with us on Twitter, Fb and Telegram
Surf The Each day Hodl Combine
 
Disclaimer: Opinions expressed at The Each day Hodl usually are not funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your personal danger, and any loses you could incur are your duty. The Each day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Each day Hodl an funding advisor. Please word that The Each day Hodl participates in affiliate internet marketing.
Featured Picture: Shutterstock/Salamahin/Brian A Jackson
