Crypto Gaming Project Explodes 185% in Two Weeks As Layer-2 Ethereum Ecosystem Heats Up

Agaming-focused altcoin built on Ethereum (ETH) is recording big gains, leading most of the crypto markets over the last month.

MAGIC is the native token and “natural resource” of Treasure, a project that aims to be a decentralized video game ecosystem.

Originally built on top of the Ethereum mainnet, Treasure ultimately migrated to Arbitrum, an optimistic rollup scaling solution that settles transactions offchain for lower fees. Arbitrum doesn’t have a token yet.

Treasure just launched a new Game Builders Program (GBP) to incentivize aligned, high-potential games building in the Treasure ecosystem. The program is supported by

Arbitrum, according to a thread from Treasure.

Says Treasure, “Why build with Treasure?

Building with Treasure launches games into a powerful flywheel of deeply connected communities and builders, strengthened through interoperability.”

Joining the GBP grants builders hands-on support from Treasure, according to the announcement.

To kick off the new year, MAGIC soared as high as 185%, from a low of $0.48 on January 9th to a high of $1.37 yesterday. The Arbitrum-based altcoin has retraced since and is currently trading at $1.18 with a market cap of $242 million.