Reported by The Block: Decentralized gaming ecosystem Treasure has launched on mainnet after its DAO approved a migration to ZKsync.
The project initially planned to build using the Arbitrum Orbit toolkit.
Treasure, the web3 gaming ecosystem that recently voted to migrate to ZKsync, has launched on mainnet, the project's DAO announced on Wednesday.
"This launch marks one of the largest ecosystem migrations in crypto. Treasure is transferring over 15 games, significant assets including MAGIC, ERC-20 tokens, and hundreds of thousands of NFTs from its existing ecosystem on Arbitrum to its new home on ZKsync," according to a statement. "This migration coincides with several upcoming major token generation events and game launches planned for the network."
MAGIC is Treasure's native token. "The MAGIC token serves as the backbone of the network, facilitating transactions, governance, and the overall economic landscape," according to Treasure. It is used by DAO participants on governance votes.
The move marks the latest project to shift plans to build on a new blockchain, showcasing how various Ethereum Layer 2s are developing distinct ecosystems by offering different technical and cultural attributes that may benefit particular projects and communities.
In September, Treasure DAO members voted to approve a migration from Arbitrum Orbit to ZKsync. The proposal asserted that ZKsync was better “suited” to meet Treasure’s long-term plans in decentralized gaming. ZKsync is a Layer-2 scaling solution built by the company Matter Labs on Ethereum that uses "zero-knowledge rollups" to process transactions.
"To commemorate the launch, Treasure is introducing its 'Decentralized Entertainment System: Cartridges' campaign, offering free commemorative NFT mints based on its portfolio of games, inspired by classic gaming systems," the announcement also said. "For a period following its launch, a new cartridge will become available daily to be minted and collected on Treasure."
Founded in 2021, Treasure calls itself a decentralized game console. The ecosystem is home to several web3 gaming titles including "The Beacon," "Zeeverse," "Wanderers," and "Smolbound."
