Treasure Coin vs. Treasure NFT: What’s the Real Connection?
As things become hot in the NFT and crypto world, Treasure Coin ($MAGIC) recently found itself at the forefront—and many got Treasure Coin and Treasure NFT, a totally distinct platform, mixed up in the process. The two indeed do have somewhat comparable names but in essence operate totally different objectives, ecosystems, and technologies.
Treasure Coin, also known as $MAGIC, is Treasure gaming ecosystem's native token. It's a decentralized platform launched in 2021 by co-founders John Patton and Karel Vuong. Its ultimate goal is to develop a unified, community-driven metaverse and gaming ecosystem, where users can:
- Purchase in-game NFTs
- Employ $MAGIC as cross-game currency
- Engage in governance using Treasure DAO
Treasure is building a vision for a "Decentralized Game Console"—a connected network of games, players, and worlds existing on a shared network.
Over 30 core DAO members—developers, economists, marketers, and dedicated gamers—govern this ecosystem.
What Is Treasure NFT? Is It the Same?
No. The names may be similar, but Treasure NFT has nothing to do with Treasure Coin or the $MAGIC ecosystem.
Treasure NFT is an independent, AI-based NFT marketplace that specializes in:
- Algorithmic trading
- Intelligent NFT buying/selling tools
- A simple, intuitive interface
- Increased profitability with AI algorithms
Whereas $MAGIC powers a Web 3.0 gaming universe, Treasure NFT is intended for digital asset traders to simplify and bring up to date NFT investing. The two platforms are not directly related.
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Why the Confusion?
The confusion is due to their common naming—"Treasure"—but aside from that, they are in different spaces:
- Treasure Coin: Made for gaming, governance, and community in the metaverse
- Treasure NFT: Focusing on NFT marketplace utilities and AI-based trading
The recent buzz around Treasure NFT has inadvertently highlighted $MAGIC, sparking interest and trading volume for the token.
Conclusion
Treasure Coin ($MAGIC) is not just a cryptocurrency—it's a decentralized gaming ecosystem, driven by its community and fueled by metaverse potential.
Treasure NFT, however, is a cutting-edge NFT trading platform emphasizing AI and user experience. They are unrelated to each other and play very different roles in the Web3 world.