Magic Price

Magic (MAGIC) is a cryptocurrency launched in 2021 that operates primarily on the Ethereum platform. It currently ranks #676 with a price of $0.1636, showing a -3.42% change in the last 24 hours. The token has a market cap of $51.76M with a circulating supply of 316.19M MAGIC. Magic serves as the utility token for the Treasure ecosystem, which focuses on gaming, NFTs, and metaverse applications. It powers a decentralized gaming ecosystem that combines NFT functionality with DeFi elements. The token is available on both Ethereum and Arbitrum networks. Key features of Magic include: • Governance rights within the Treasure DAO • In-game currency for various metaverse projects • Staking rewards and liquidity mining • NFT marketplace transactions With its focus on gaming, collectibles, and metaverse applications, Magic aims to bridge traditional gaming with blockchain technology, creating value through digital ownership and play-to-earn mechanics.

Magic was created on August 31, 2021. It was officially launched as the native token of the Treasure ecosystem, which focuses on NFTs, gaming, and metaverse applications. Since its creation, Magic has developed into a multi-functional token that operates primarily on the Ethereum blockchain and Arbitrum Layer 2 solution. The token serves various purposes within the Treasure ecosystem, including governance, staking, and facilitating transactions in the platform's marketplaces and games.

Magic was founded by John Patten and TreasureDAO team in August 2021. John Patten serves as the CEO and co-founder of the project, which began as a decentralized NFT ecosystem on Arbitrum before expanding to Ethereum. The founding team created Magic as the native utility token for the Treasure metaverse ecosystem, focusing on gaming, NFTs, and decentralized applications. Since its launch, the project has evolved to incorporate AI capabilities, metaverse development, and layer 2 solutions, positioning itself as a multi-chain platform for digital collectibles and blockchain gaming experiences.

Magic operates as a utility token within the Treasure ecosystem, functioning on both Ethereum and Arbitrum networks. It serves multiple purposes: 1. Governance: MAGIC holders can vote on ecosystem proposals and development decisions. 2. Staking: Users can stake MAGIC to earn rewards and participate in protocol security. 3. NFT Marketplace: MAGIC is used for transactions in Treasure's NFT marketplace, particularly for gaming assets. 4. Gaming Utility: The token powers various games in the Treasure metaverse, serving as in-game currency. 5. Bridging: MAGIC can be bridged between Ethereum and Arbitrum for lower transaction fees. Currently priced at $0.1636 with a market cap of $51.76M, Magic has 316.19M MAGIC tokens in circulation out of a total supply of 347,687,044 tokens. The token has gained -3.42% in the last 24 hours with a trading volume of $42.48K. As a core component of Treasure's gaming, NFT, and metaverse ecosystem, MAGIC continues to evolve with new use cases in AI agent development and Layer 2 solutions.

Magic operates on a dual-chain architecture, primarily deployed on Ethereum and Arbitrum networks. On Ethereum, it uses the ERC-20 token standard with contract address 0xb0c7a3ba49c7a6eaba6cd4a96c55a1391070ac9a, while on Arbitrum it uses contract address 0x539bdE0d7Dbd336b79148AA742883198BBF60342. This cross-chain implementation allows MAGIC to benefit from Ethereum's security while leveraging Arbitrum's Layer 2 scaling solutions for faster and cheaper transactions. The token architecture includes a total supply of 347.68M MAGIC with 316.19M MAGIC currently in circulation. Magic utilizes smart contracts to facilitate its utility within the Treasure ecosystem, supporting NFT marketplaces, gaming applications, and metaverse functionalities. The technical design incorporates interoperability features that enable seamless integration with various DeFi protocols and NFT platforms, particularly within the gaming and metaverse sectors. The token's architecture also supports DAO governance mechanisms, allowing MAGIC holders to participate in ecosystem decisions and development direction.

Magic has an ambitious roadmap focused on expanding its ecosystem across gaming, NFTs, and metaverse applications. The project aims to strengthen its position in the Arbitrum and Ethereum ecosystems while developing new gaming titles and NFT collections. By 2026, Magic plans to launch enhanced DeFi features and expand cross-chain functionality. The team is actively working on AI integration for gaming experiences, with several partnerships expected to be announced in 2025. The roadmap includes improving tokenomics to reduce volatility and increase utility, with governance updates allowing token holders more influence over project direction. With its current price at $0.1636 and market cap at $51.76M, Magic is positioned to capitalize on the growing intersection of gaming, NFTs, and Web3. The development team remains committed to building sustainable value while exploring emerging trends in AI agent technology and metaverse development.