Treasure Sticks with Arbitrum, Plans to Launch Treasure Chain
Treasure, the crypto gaming ecosystem built on Arbitrum, has decided to double down on its chosen scaling network. Despite receiving proposals from other scaling networks, Treasure has announced plans to launch its own Treasure Chain built on Arbitrum. The proposed plan, which is still subject to a DAO vote, will see the development of a custom Ethereum layer-2 scaling network known as the Treasure Chain. Game creators will then be able to deploy their own layer-3 Infinity Chains that orbit the Treasure Chain. The core team aims to get the Treasure Chain testnet launched by the end of the quarter.
Advantages of Sticking with Arbitrum
Treasure’s decision to stick with Arbitrum was influenced by the deficiencies seen in rival proposals. Vuong, co-founder of Treasure, pointed to technical makeup issues with Optimism and a lack of user traction with zkSync. Furthermore, Treasure has already built up a user base within the Arbitrum ecosystem, and the team has a strong relationship with Offchain Labs, the developer behind Arbitrum.
Building an Evolving Gaming and Entertainment Powerhouse
Treasure’s decision to launch its own Treasure Chain aligns with its goal of building a gaming and entertainment powerhouse that is built and owned by everyone. By expanding its ecosystem on Arbitrum, Treasure aims to enhance cohesion, increase utility for its MAGIC governance token, and enforce creator royalty settings on NFT sales. The core team sees this as an opportunity to build new IP as a decentralized game publisher, similar to a bottom-up Marvel Cinematic Universe.
Emphasizing Interoperability and Collaboration
Treasure and Offchain Labs see potential for interoperability and collaboration across the Arbitrum gaming space. However, they are cautious about compromising security and are actively exploring secure ways to achieve this. The team is aware of the vulnerabilities that can arise from bridges between chains, as demonstrated by the Ronin Network’s bridge exploit in 2022.
Testnet Launch and Mainnet Launch Plans
If Treasure’s DAO approves the proposed plan, the team aims to launch the Treasure Chain testnet by the end of the quarter. The mainnet launch is planned for Q3 2024. This timeline gives Treasure the opportunity to further develop its toolset for game developers and expand its offerings within the gaming ecosystem.
Conclusion
Treasure’s decision to stick with Arbitrum and launch its own Treasure Chain demonstrates its commitment to the chosen scaling network. By building on Arbitrum, Treasure aims to create a stronger and more cohesive gaming and entertainment ecosystem. The core team believes that this move will enhance utility for its MAGIC token and provide new opportunities for decentralized game publishing. With the testnet and mainnet launches planned, Treasure is poised for further growth in the coming months and years.
Analyst comment
Positive news: Treasure sticking with Arbitrum and launching its own Treasure Chain demonstrates commitment to the chosen scaling network. By expanding on Arbitrum, Treasure aims to create a stronger gaming ecosystem, increase utility for its MAGIC token, enforce creator royalties, and explore interoperability. The testnet and mainnet launches planned indicate potential growth in the coming months and years.
