#23 MagicSwap V2,
A new Niche #NFT marketplace truly designed for NFT games?
In the thread
TLDR What is @treasure_dao & @magicswap_ V2
Why is magicswap special?
$magic’s role in magicswap
Summary
TLDR
Treasure dao is a decentralized gaming ecosystem, $magic is the native token of treasure.
MagicSwap is the NFT marketplace design for gamefi with game developers & gamefi players in mind.
Why is magicswap special?
NFT marketplace is very competitive, being inche gives u an edge and the team have shown it thought from Game designer & gamers point of view.
Gamefi specific NFT marketplace = good inche with big TAM?
Here’s some of the features and you will understand, why i think the team has the ability to build a niche NFT marketplace
✨Universal token compatibility (ERC-20/721/1155s)
✨Game-Native UX (magicswap can be built into games via NPC shops with UX immersed in the game world)
✨Automated Royalties
(DAO has the ability to set minimum default guaranteeing income for projects)
✨Automated Economic Balancing
(TLDR, allow dynamic pricing based on additional factors. Allowing game designers to have more room to price the NFTs for a better experience)
✨Oracle ( for game )
Includes a decentralise TWAP oracle based on uni-V3, Values in AMM pools do not need to represent “price.” Developers can use relative values of items within pools as a way to balance any kind of game mechanism, like drop rates, character strength etc
✨Optional NFT LP reward
NFT - NFT Pools, (allowing more room for game designers to work with game economy)
✨Location based marketplace
OMG yes, like in traditional game, game developers can now design location base marketplace for better game story & economy
✨Character-Bound, Not Soulbound NFTs
$Magic’s role in MagicSwap
$Magic will be the governance and fee token for using MagicSwap.
0.5% fee for trades
2.5% royalties on NFTs
0-20% for project creator
NFT marketplace is a highly competitive space. Being able to find it’s niche and product market fit is very important. From the latest substack, I can tell the team
@jpatten__ truly understands what a game developer needs to make a good game.
I think magicswap as gamefi specific marketplace is a good move for $magic. However magicswap success will heavily depend on the projects on treasure dao. Either way I will be keeping my eyes on the treasure dao ecosystem and magicswap for any new opportunities.
Thanks for reading!
Treasure down full article here!
