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Magic ($MAGIC) is a utility token that serves as an essential resource within the Treasure ecosystem—a decentralized gaming and NFT platform built on Arbitrum, focused on metaverse projects. It is used for gameplay, governance, transactions on the Treasure marketplace, staking, and as a reserve currency for interconnected metaverses. The platform is designed to allow communities to bootstrap new decentralized metaverses, supported by its DAO (Decentralized Autonomous Organization). Magic tokens are earned through participation in games and activities within Bridgeworld, a central location in the Treasure metaverse.

The Treasure ecosystem envisions tokens and NFTs as productive, yield-bearing assets with a scarcity model that increases as the complexity of the economy grows. The tokenomics of MAGIC includes a declining emission rate similar to Bitcoin's halving but occurring annually, aiming for a total supply of 347,714,007 MAGIC tokens.

John Patten and Gaarp co-founded the MAGIC ecosystem, where MAGIC is not only a medium for marketplace trades but also for staking and liquidity pools, contributing to its reduced circulation. The ecosystem's mining mechanism and asset economy prioritize long-term community growth over instant liquidity, with a focus on rarity and value derived from labor-intensive processes. This model encourages users to become loyal participants, fostering a robust community and establishing use cases for the token. Magic’s design incentivizes users to lock their tokens for longer periods, which aids in bootstrapping liquidity and demonstrates their commitment to the protocol's future.