There has been lots of activity in the Treasure ecosystem in Q4 to round off 2023, from new hires to many new game developments and features. The key theme this quarter is building a winning team with new hires and starting the discussion of what’s to come next for Treasure and web3 gaming as the market strengthens heading into 2024.
Games and Partnerships Kaiju Cards released anew map with new event rooms and souvenirs for a week in October as well as commencingPioneer Equipment trading. Later in November Kaiju Cards’Fungi Festival also began, introducing a new class - Farmers.Aliya’s Ascent was also released this quarter, launching another new game to Treasure’s already impressive library. Arbitrum Odyssey saw its long anticipated return and held aTreasure Week during November, coinciding with the launch of Treasure’s Quests system to allow its users to complete quests and win an assortment of prizes, such as $MAGIC. Knights of ETH and Kuroro Beasts also had developments in Q4, withinitiations andtoken airdrops.DeFi Kingdoms joined the Treasure community in December making it a cross-chain collaboration, specifically with Tales of Elleria.Mighty Action Heroes also went live worldwide on Google Play in October, for free, which later won the2023 Best Mobile Game Award. And Lastly, The Beacon’s yearlyTrilight Festival returned rounding off an exceptional year of game building.
Treasure’s Growing Team The Treasure team has grown in Q4 with some new hires across the board. In October, Treasure welcomedGina Stoke as Head of Art who will be driving the art direction and visual language of Treasure and the Bridgeworld universe, as well asJen Stubber who joined the marketing team as Treasure’s latest Community Manager. In November,Yuri Visser joined the core team as CTO to level up Treasure, and Treasure’s partnered studios’ ecosystems, focusing on publishing, game development and infrastructure. Treasure’s final hire of 2023 wasPeter Di Cicco in December, joining the core team as Narrative Director. Peter will develop the narrative foundation for all of Treasure and the Bridgeworld universe of games to build atop of.
New Features and Updates The Treasure platform released itsnew shopping cart and sweep feature at the beginning of Q4 along with arefreshed homepage and new badge options. Awishlist feature was added to Treasure in November allowing users to “heart” items across multiple devices and move items into cart. Lastly,badge immortalisation came into effect in December allowing users to earn bonus gems and redeem prizes.
Governance Treasure Arbitrum Representative Council (ARC) formed with an initial eight member council at the beginning of Q4 to allow Treasure’s core team to remain focused on building and growing Treasure while maintaining its important role as the lead delegate within Arbitrum DAO. ARB was also allocated to theARC Multisig (TIP-32). The proposal for airdroppingL1 Treasures to Arbitrum One (TIP-31) was taken well among the community.
In December, the DAO proposed inTIP-33(b) to transfer 511k gFLY obtained viaTIP-16 and is currently vesting to BattleFly DAO in exchange for 7x Rare Genesis Legions and 2x Special Genesis Legions in order to close out a lengthy discussion with the BattleFly team.
There has also been updates to the MAGIC LP incentive program which aims to reduce emissions from 140k per month to 30k per month with a target end date being 31st March.
Q4 also marked the release of a community launched token - Smolcoin ($SMOL) which gained traction at the end of Q4. Treasure approved a proposal to add this to Magicswap.
Q4 overall has been significant in laying the building blocks for a successful 2024 with a growing team and a positive outlook on web3 gaming.
Key Financial Highlights
