Bybit Arbitrage is a trading tool that simplifies arbitrage trading by capitalizing on funding rate and price differences.

If you're seeking consistent returns with minimal risk, Bybit Arbitrage is the perfect ally.

 This robust tool empowers you to generate regular profits with minimal risks by capitalizing on price disparities across different markets. Its user-friendly interface lets you easily spot and exploit these differences, so that you can execute flawless arbitrage trading in the crypto market with confidence. Read on to learn how Bybit Arbitrage makes arbitrage trading an effortless way for you to achieve low-risk gains.

 is the buying and selling of the same or similar asset(s) at the same time across different markets to earn from slight price deviations. This act of purchasing an asset at a fixed price — while simultaneously selling it at a higher price — allows a trader to instantly make profits without any risks. 

While arbitrage trading has long been a staple in traditional financial markets, such as stock and forex, the advent of crypto trading has propelled arbitrage trading to new heights — thanks to the heightened volatility of the crypto market. Additionally, unlike traditional stock markets, crypto markets are traded 24/7, offering more opportunities for arbitrage traders to reap profits from the price gaps across exchanges and markets. 

 across exchanges or within a single exchange. Keep in mind that if you opt to arbitrage trade across different platforms, accessing your profits may prove to be complex, due to the need to transfer your assets between the exchanges, which can take up to several days to complete. On the other hand, arbitrage trading on a single platform is more straightforward — but more competitive as well.

There are multiple arbitrage trading strategies, but the most common ones in the crypto market include funding rates arbitrage, spot-futures arbitrage and futures arbitrage. 

Funding rates arbitrage allows traders to profit from variations in funding rates between 

 contracts. In contrast, spot-futures arbitrage enables traders to profit from price disparities between the spot and 

 for the same asset. Meanwhile, futures arbitrage involves profiting from price discrepancies between futures contracts with different expiration dates.

Bybit Arbitrage is a trading tool that helps traders identify arbitrage trading opportunities in two ways: funding rate and spread. 

The user-friendly interface organizes trading pairs based on either funding rates or spreads in different markets, so that traders can easily spot disparities in funding rate or price across the markets at a glance. 

Bybit Arbitrage is exclusively available to 

 mode. It facilitates arbitrage trading for USDT Perpetual, USDC Perpetual and USDC Futures contracts, thereby allowing you to enjoy arbitrage trading opportunities between USDT 

Spot pairs and USDT Perpetual pairs, or USDC Spot pairs and USDC Perpetual/Futures pairs. 

The Funding Rate Arbitrage feature exploits differences in funding rates between the Spot and Perpetual/Futures markets on the Bybit exchange. With the Funding Rate feature, traders can earn funding fees while simultaneously managing their positions in order to minimize potential losses and maximize gains through positive and negative arbitrage strategies.

Funding rates for the different trading pairs are listed in descending order. This helps traders to easily leverage the interest rate differential between Spot and Perpetual/Futures contracts.

The Funding Rate feature also allows you to 

 orders (with the same amount, but in different directions) in both Spot and Perpetual/Futures, which enables you to earn funding fees while mitigating potential losses (with potential gains).

holders in Futures/Perpetual contracts pay short position holders. You can leverage this situation by executing a positive arbitrage, which involves

 buying a Spot pair and taking a short position in 

Perpetual to earn steady funding fees. Alternatively, if the funding fee is negative, short position holders pay long position holders. In this case, you would perform a negative arbitrage by shorting a Spot pair and going long in a 

The Spread Arbitrage feature helps traders capitalize on price discrepancies between different markets for the same cryptocurrency asset. With this feature, you can easily compare the market prices of an asset traded across various trading pairs and contracts. While Spread Arbitrage may be similar to spot-futures arbitrage, it offers more arbitrage opportunities since it covers a broader range of markets, unlike spot-futures arbitrage, which targets specific markets

With Spread Arbitrage, the aim is to profit from the eventual price convergence as you buy the crypto asset at a lower price in one market (e.g., Spot) and sell it at a higher price in another market (e.g., Futures). 

As the futures price will eventually align with the Spot price when the contract expires, you’ll be able to take advantage of the simultaneous price disparity for the same asset.

In order to trade with Bybit Arbitrage, you’ll first need to 

. Currently, Bybit Arbitrage is exclusively accessible via the 

 for the web version, which will be launched soon!

Bybit Arbitrage offers multiple advantages.

Bybit Arbitrage is a powerful tool for traders seeking low-risk gains in the volatile crypto market. With its intuitive interface and exclusive features, traders can effectively leverage funding rate and price differences to maximize profits while minimizing risks. Bybit Arbitrage offers diverse benefits that make arbitrage trading more accessible and profitable than ever before.

Beginner

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How to Use Bybit Arbitrage to Achieve Funding Rate and Price Difference Arbitrage

An Ethereum Spot ETF is an exchange-traded fund that tracks the real-time price of Ether and allows investment through traditional stock markets. Learn more.

Earlier this year, the U.S. Securities and Exchange Commission (SEC) gave the green light to a number of Bitcoin Spot exchange-traded funds (

), sparking optimism that similar approval might be extended to Ethereum Spot ETFs. Adding to the excitement, news of Ethereum Spot ETF approval in Asia’s first region has heightened anticipation for a potential approval and launch in the U.S. However, despite the buzz, some industry observers remain skeptical. This article explores the potential impact of Ethereum Spot ETF approval on the broader crypto market.

An Ethereum Spot ETF is an exchange-traded fund that tracks the real-time price of 

 and allows investment through traditional stock markets. It offers investors a way to invest in Ether without having to actually buy or hold the asset itself.

An Ethereum Spot ETF operates by pooling investor funds to purchase Ether, which is held in reserves by the ETF.

Rather than navigating the complexities of 

 and exchanges, investors buy shares of the ETF through regular brokerage accounts, just as they would with traditional stocks. These shares represent a stake in the Ether held by the ETF, providing a simple and regulated way to own Ethereum indirectly.

In order to create ETF shares, authorized participants — usually financial institutions — purchase Ether in exchange for ETF shares of equal value, which are then sold onto the market. An authorized participant can also redeem shares by buying enough ETF shares and exchanging them for Spot Ether and taking those shares away from the market.

As a result, the price of ETF shares tends to fluctuate in line with Ethereum's Spot market price. If it didn’t, there would be an 

 opportunity to profit from any mispricings in the ETF price. However, it’s still theoretically possible for the ETF to trade at different prices simply because of supply-and-demand factors.

ETFs as securities are regulated by the SEC, so an Ethereum Spot ETF provides a regulated product that investors can purchase. By contrast, Spot Ether is being investigated by the SEC to determine whether it should be classified as a security, and currently lacks regulatory clarity. 

This setup offers numerous benefits for investors. It simplifies the investment process, allowing anyone with a brokerage account to invest in Ethereum without setting up a crypto exchange account or managing storage. This can save time and give some investors greater peace of mind. An ETF structure also provides the regulatory clarity that institutional investors need, which can enhance liquidity and trading volumes.

Security is paramount in the realm of cryptocurrency, and the ETF provider takes it seriously. To safeguard Ether holdings, ETF providers employ a combination of 

 and insured custodial services. As a result, they could potentially minimize the risk of theft or loss that individual crypto investors may encounter.

The Ethereum Spot ETF bridges traditional finance (TradFi) and the exciting (but still growing) cryptocurrency space. It offers the security and ease of trading associated with traditional financial markets while opening up investment opportunities in Ethereum for a broader audience.

Both excitement and regulatory scrutiny characterize the current landscape of Ethereum Spot ETFs. Major financial institutions like 

 and Fidelity have submitted applications for these ETFs to the SEC. Still, decisions have been delayed, with the next 

If applicants begin updating their filings by April, this may indicate they’re incorporating feedback from the regulator, which could be interpreted as a positive sign. However, a lack of updates to filings could indicate that the SEC isn’t maintaining the same level of discussions with issuers that led to its 

Another challenge is that the SEC is still investigating whether Ether should be classified as a security, especially since it transferred its consensus mechanism to 

. Earning rewards through staking could meet criteria that determine whether an asset is a security. Ethereum also provides a foundation for 

 (DeFi), which could add to the complexity of the review. 

Analysts' opinions vary regarding the likelihood of ETH ETF approval. One Bloomberg analyst, for instance, 

 chance of approval by May. However, the SEC's recent silence might hint at a less favorable outcome.

The approval of Ethereum Spot ETFs is eagerly awaited because it could mirror the impact of Bitcoin Spot ETF approval, which led to an influx of capital in the market. It would mark a pivotal milestone, likely to attract increased investment and further validate cryptocurrency. The crypto community is closely monitoring these developments, as the coming months will be crucial in shaping the future of Ethereum investment opportunities.

 was recently given to the first Spot Bitcoin and Ethereum ETFs in one of the Asian regions. This landmark decision positions the city as a trailblazer in the Asian financial landscape, embracing the integration of popular cryptocurrencies into mainstream investment avenues.

This milestone has sparked excitement within the crypto community, indicating a positive reception toward digital assets in that region. Analysts believe this move could set a precedent for other jurisdictions to follow, potentially leading to broader acceptance and recognition of cryptocurrencies as a legitimate asset class.

These newly approved ETFs are expected to attract a wave of fresh investors — both retail and institutional — by offering a regulated and familiar investment option for exposure to cryptocurrencies. This growth of interest could increase stability in the crypto markets, possibly influencing the price movements of Bitcoin and Ethereum in the region.

The timing of this approval is noteworthy, considering that the U.S. could also be on the cusp of approval of an Ethereum Spot ETF. If this proactive approach inspires other financial centers beyond the U.S. to consider similar approvals, it will palpably contribute to the global expansion and maturation of the cryptocurrency market.

Current Impact of Ethereum Spot ETF Applications on the Crypto Market

The buzz surrounding Ethereum Spot ETF applications is noticeably affecting the crypto market, particularly Ethereum's price and overall sentiment. Submission of new ETF applications to the SEC has coincided with an 

, pushing it to around $3,700. This uptick reflects the market's optimism and positive sentiment regarding the potential for easier access to Ethereum. However, the market has exhibited some volatility as well, with Ether dropping over 14% in a week in early April. 

Despite these fluctuations, there's a general expectation that ETF developments would significantly impact Ethereum's price dynamics, similar to what was observed with the recent Bitcoin Spot ETF approvals. Moreover, the recent approval of cryptocurrency ETFs has further fueled optimism and positive expectations for increased investment inflows and a broader recognition of cryptocurrencies.

To sum up, the current impact of Ethereum Spot ETF applications on the crypto market is marked by heightened anticipation along with some volatility. Ethereum's price is responding to changes in the regulatory landscape and the potential for broader adoption of cryptocurrency-based investment products.

What Will It Mean if an Ethereum Spot ETF Application Is Approved?

The approval of an Ethereum Spot ETF application by the SEC would mark a significant milestone for the cryptocurrency market, especially for Ethereum. Following are some of the potential benefits.

Drawing parallels to the earlier Bitcoin Spot ETF approvals, some pundits expect an initial surge in Ethereum's price following the expected announcement, reflecting renewed confidence and interest in Ether as an asset. Over the long term, Ethereum Spot ETFs could contribute to growth and stability, similar to the impact that Bitcoin Spot ETFs have had on BTC’s price.

However, there are key differences to consider. The SEC's cautious stance on Ethereum — notably because of its PoS consensus mechanism — could influence the approval process and subsequent market reactions. In addition, Ethereum's unique ecosystem, including its role in DeFi and 

, could lead to different market responses as compared to those following the Bitcoin Spot ETF approvals.

The potential approval of Ethereum Spot ETFs is a crucial turning point for the crypto market, promising easier access, increased investment and greater legitimacy. Although short-term price fluctuations may occur, the long-term effects could echo the positive growth recently witnessed with Bitcoin Spot ETFs, promoting a more mature investment environment for Ethereum.

Intermediate

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Ethereum Spot ETF Approval: Its Impact on Crypto Markets

Grayscale Investments has filed a registration statement on Form S-3 with the SEC to register shares of its Grayscale Ethereum Trust (ETHE) as part of efforts to uplist the trust to a spot Ethereum ETF on the NYSE Arca.

Daily Top Performer — Automata Network (ATA)

The SPX index is up 0.02%, investor focus on earnings and U.S. interest rates continues. The broader cryptocurrency market is down, with Bitcoin and Ether dropping by 3.78% and 2.41%, respectively in the past 24 hours.

Today’s outperformer is ATA, which jumped 8.9% after Automata launched Multi-Prover AVS on Eigenlayer Holesky Testnet to boost decentralized security.

Automata Network (ATA), founded in 2019, is a Web3 platform providing private web services for decentralized applications, focusing on secure, anonymous transactions and governance. Key features include a private voting system and MEV minimization to enhance user privacy and security. Automata's Multi-Prover AVS, which utilizes TEE Coprocessors to enhance security, is now available on the Eigenlayer Holesky testnet. This system employs the TEE Prover as a secondary security measure in decentralized systems. Operators, restakers, and developers are encouraged to learn more about this advancement on their website.

Check Out the Latest Prices, Charts, and Data of 

Grayscale Investments, the world's largest crypto asset manager, has filed a registration statement on Form S-3 with the SEC to register shares of its Grayscale Ethereum Trust (ETHE) as part of efforts to uplist the trust to a spot Ethereum ETF on the NYSE Arca. This filing follows NYSE Arca’s application and is a crucial step in the regulatory process required for offering shares continuously upon approval. The shares will not be sold until the registration is declared effective, and this offering is subject to the Securities Act of 1933. Grayscale emphasizes that the trust, not registered under the 1940 Act, involves high risk and volatility, is focused solely on Ethereum, and does not offer direct investment in Ethereum.

BlackRock's spot bitcoin ETF, IBIT, has significantly impacted the firm's overall ETF flows, comprising 24% of its total. Eric Balchunas, Bloomberg's Senior ETF Analyst, highlighted the fund's success during a panel on Hong Kong's newly approved spot crypto ETFs. Since its launch in January, IBIT has attracted consistent inflows for over 70 days, accumulating more than $18 billion in assets under management and becoming one of the most successful ETFs in history. The IBIT fund is second only to Grayscale's ETF in terms of assets but has seen remarkable trading volume along with other spot bitcoin ETFs, totaling nearly $230 billion.

Gamium, supported by Parachain Ventures, DAO Maker, and Mr. Beast among others, has its token $GMM listed on major exchanges with a fully diluted valuation of around $43M. The platform is promoting a beta points airdrop to reward early users, where participants can sign up and earn points through various activities like launching an MST, trading, daily logins, and referrals. Details on point earning and distribution are available in a dedicated blog post. However, potential users are cautioned to research due to the inherent risks associated with DeFi protocols and trading.

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Grayscale Files for SEC Registration to Convert Ethereum Trust into a Spot ETF on NYSE Arca

Sharky is a Solana-based lending and borrowing DeFi solution that utilizes NFTs as loan collateral.

Cryptocurrency lending and borrowing has always been a prominent niche of the decentralized finance (

) industry, championed by platforms like Aave (

). A much rarer variant of DeFi borrowing and lending is based on non-fungible tokens (

Sharky.fi, or simply Sharky, is a Solana-based lending and borrowing protocol that uses NFTs as collateral to facilitate the DeFi processes on the network. By putting up NFTs as collateral, users can borrow funds via short-term loans in Solana's native SOL tokens. For lenders, the platform is also a great way to earn high APY rates in just 7 to 14 days, while having their loaned funds protected by the NFTs.

Having established itself as the leader of NFT-based lending and borrowing on Solana, the Sharky project has ambitious plans to integrate two more highly popular crypto asset types — Ordinals and real-world assets (RWAs).

 (SHARK) is a lending and borrowing app on the 

 (SOL) blockchain that lets users provide NFTs as collateral to access short-term loans in SOL tokens.

 Lenders can view NFTs offered as collateral, and make loan offers secured by their preferred NFTs.

Although Sharky's public launch on the Solana mainnet dates back to April 2022, the platform operated without its 

, SHARK, for its first two years in the market. The SHARK token was eventually launched in mid-April 2024.

Using its innovative business concept, Sharky quickly established itself as the leader of NFT lending. According to the project’s team, Sharky has a 90% share of the NFT lending market on Solana and has issued more than 1.4 million NFT loans.

Following the recent launch of its SHARK token, the project aims to integrate additional crypto asset types in the future. These include 

 (RWAs). Another ambitious product type considered for future implementation on the platform is uncollateralized consumer loans.

As a lender on Sharky.fi, you can browse NFTs from a variety of collections offered on the platform and make a loan offer for potential borrowers. The collections available on Sharky include the platform's own 

 collection, Mad Labs, Solana Monkey Business (SMB), Tensorians, Namaste and more. Lenders’ offers are shown to potential borrowers on the platform, who then choose the best offer based on their borrowing needs.

The NFT provided by the borrower is used as collateral, and the lender makes their funds available in SOL tokens. Lenders earn interest on the funds, with the loan duration typically between 7 and 14 days. Interest rates, naturally, will vary depending upon on-platform activity. Usually, 

 for active loans range between 120% and 220%, though they can go up to 360%. As such, Sharky loans are an excellent way for lenders to earn some serious interest quickly. If a borrower fails to repay the loan in full, the NFT used as collateral is transferred to the lender.

For borrowers, the Sharky platform is an excellent opportunity to access SOL funds for short-term needs quickly and flexibly using their NFTs, rather than cryptocurrency, as collateral. The best part of the platform's borrowing mechanism is that you remain in possession of your NFT during the loan period as a borrower. While your NFT is used as collateral, its ownership isn't transferred to the lender while the loan is active. The ownership transfer may only happen at the end of the loan period if you fail to repay the loan in full.

Maintaining the ownership of your NFT allows you to keep using it on various DeFi and other apps for purposes such as staking or satisfying 

 eligibility requirements, among other potential uses.

Sharx is the platform's own NFT collection. One of the most popular collections used in Sharky's lending and borrowing operations, sharx is made up of 10,111 adorable shark characters. Purchasing a sharx NFT not only opens up borrowing opportunities but also entitles you to upgrade or boost your Chowder points, rewards that are used in Sharky's loyalty program. 

As a sharx holder, you're entitled to the airdrop of Sharky.fi’s governance token, SHARK, and you can also stake sharx to earn FISHY tokens.

The newly launched SHARK token is envisioned as the platform's governance asset, with a total supply of 100 million. As of the time of writing in late April 2024, only some specific details on the actual governance processes powered by SHARK are available. Thus, the token's actual use in on-platform governance is expected to be outlined in the future.

SHARK will be airdropped in two phases, with 4.25% set aside for the first phase and 3.5% for the second. Of the former, 70% is allocated to its community, with the remaining 30% is distributed to partner communities. Meanwhile, the second phase is held as a staking pool event with a lockup duration of 30 to 60 days exclusively for OG, new users and sharx holders.

 of Sharky. Unlike the brand-new SHARK token, FISHY was issued back in 2022 at the start of the platform's operations. FISHY can be earned by staking sharx NFTs, accumulating reward points and participating in Sharky's social media campaigns. The token can be used to boost sharx NFTs, which in turn can earn you additional Chowder points. FISHY also gives you access to NFT raffles and auctions held on Sharky.

The SHARK token can be bought on Bybit through a Spot pair with USDT (

). Additionally, you can also take part in Bybit's current campaigns for the token for the chance to grab a share of the 

, which includes a Token Splash event featuring 456,000 SHARK through Apr 30, 2024, 9AM UTC, and a Lucky Draw with 58,000 SHARK in rewards through Apr 30, 2024, 9:59AM UTC.

Lending and borrowing using NFTs as collateral is a novel concept that has earned Sharky leadership positions in this niche. As more platforms adopting this business model emerge, the competition in the field is likely to intensify. However, as of now, Sharky remains the absolute leader of the Solana-based NFT lending and borrowing market. 

As NFTs experience a resurgence in popularity following the post-2021 dip, DeFi solutions that make innovative use of these assets, such as Sharky, stand to benefit. Later in 2024 and beyond, we’ll likely hear more about NFTs being used as legitimate collateral in crypto finance — a new trend helped to no small degree by the Sharky platform.

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Sharky.fi (SHARK): The Decentralized Platform for Instant NFT Loans

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GameFi

Treasure is a game console that serves the important role of linking communities and games together through MAGIC crypto. Find out more about it here.

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Decentralization provides great opportunities for blockchain networks and the platforms that they support. While decentralization is no longer new in the crypto world, its evolution continues to change the landscape. Even platforms that were established some time ago are being reinvigorated through exciting evolutionary changes. 

 is one such platform that has recently been rebranded to take its functionality and appeal to a higher level while connecting 

Treasure is a game console that serves the important role of linking communities and games together. This decentralized platform accomplishes this through Treasure NFTs and its native token, MAGIC.

While Treasure has only been live for slightly more than a year, its builders and developers have identified powerful growth opportunities that warranted its recent rebranding. It continues to be the supporting infrastructure for numerous metaverse projects. Through its rebranding, however, Treasure has strengthened its brand identity while also continuing to support the creative efforts of builders and collaborators as they work on their projects.

Treasure was initially launched in August 2021 on Ethereum as a branch of the 

. The project later migrated over to Arbitrum in October 2021. Its primary founder is John Patten, but he and a talented 

 of creatives and technology experts collectively collaborated on the project. However, little has been publicized about the team's professional experiences prior to working on this project.

Treasure has most recently gained recognition as the top NFT platform on the Arbitrum blockchain, accounting for roughly 95% of its NFT transactions. It has also grown its collection of builders, games and brands substantially in a relatively short period of time. Treasure has a community of 100,000 people using its nine games and brands currently, and this number is expected to grow substantially as new projects come online. 

Since its inception, Treasure’s primary purpose has been to link and support communities, games and builders with the use of web3. By doing so, it hopes to change the landscape of game building. Through decentralization, Treasure is intent on promoting grassroots building and community ownership. To accomplish its goals, the platform uses its native token, MAGIC, to expand its economy and gaming ecosystem while also linking its supported projects.

More than that, the founders and the community members strive to introduce more people to the web3 space through supported games and Treasure NFTs. With the team's focus on making web3 more mainstream, the individuals are focused on finding and developing real-life applications in this space.

Treasure is designed with three primary layers. The first layer, named as Cartridges, has been created by builders using MAGIC, and it is a collection of both metaverses and games. The Treasure console stack’s middle layer is made up of many small Communities. While each community is individualized, they all use MAGIC, similar resources and guilds in their operations. The final layer in Treasure’s console stack is its Infrastructure. This is a powerful section of the ecosystem that features the platform’s economic engine as well as the resources and tools that builders need. 

On a broader level, the Treasure ecosystem supports the development of new metaverse projects. These projects each have a gaming mechanism that allows for developing a player’s NFTs and staking tokens. While each project is unique, every project available on treasure's marketplace utilizes MAGIC, which supports the growth of the Arbitrum blockchain.

The diversity of the Treasure ecosystem has evolved substantially in a relatively short period of time. By doing so, it has enabled builders and collaborators of metaverse projects to excel in their efforts. The core features of this platform are Bridgeworld, Cartridges, Community, Infrastructure and Trove. A closer look at these critical features reveals the key benefits that the platform provides to its many users.

 is the hallmark of this platform, and it serves as the base-level support for the platform’s economic layer and its gamified infrastructure. As the central metaverse for the platform and the essential building block of the supported metaverses, it is the space where the economy thrives. The economy is comprised of MAGIC, Treasures and Legions.

MAGIC originates in Bridgeworld and functions in all of the metaverses supported by Treasure. The platform describes MAGIC as the place where new stars are born. This is because the MAGIC token powers the metaverses. More than that, MAGIC allows the metaverse projects to connect and offers greater functionality for users. It is also the currency used for buying and selling NFTs on the Treasure marketplace, known as Trove. Through its functionality, MAGIC supports greater decentralization as well as the introduction of economic assets that can be used in the real world.

In Bridgeworld, Legions are the key players that are represented by Treasure NFTs, and they comprise Auxiliary and Genesis units. As a player, you claim quests and mine MAGIC by going on adventures. You can also use your Treasure NFTs to upgrade your players within the game. Each Legion has individual characteristics and abilities that support different aspects of gameplay, and these can be increased through the acquisition of Treasures.

Legions use their various resources to elevate gameplay and for 

. Each natural resource, known as a Treasure, can be purchased with MAGIC, and there are currently several dozen different Treasures available to Bridgeworld’s game players. The Treasures can range from donkeys, god-granted favors, diamonds and more. You can use these Treasures to complete various quests and adventures, and open up greater opportunities within the metaverse.

Cartridges, which are developed by creators using MAGIC, are free to mint. All of the Cartridges are fair-launch. Current Cartridges include 

. Some of the Cartridges that will be launched soon include 

. These Cartridges are linked to the Treasure metaverse through their use of MAGIC.

In the Community layer, numerous small communities reside. Each of these communities is individualized by the developer. However, they all utilize MAGIC to function and take advantage of similar guilds and resources.

The essential Infrastructure layer serves as the economic powerhouse for the entire platform. It is also responsible for granting builders of new projects all of the tools and resources that they need to be successful. The other layers, Cartridges and Community, rely on the ecosystem’s core infrastructure to function. All layers utilize Treasure's native token as a connecting mechanism.

In the Treasure Trove, collectors, game players and others can buy and sell gamified NFTs. This is a specialized marketplace that operates on Arbitrum. The NFT transactions can be completed with MAGIC or ETH. By purchasing NFTs in the Trove, you can participate in the corresponding Treasure-based games, including 

and others. As more metaverses come online, the available NFTs in the marketplace will increase substantially.

Treasure supports several games currently, and this number is growing. MAGIC is the unifying token that links these games. MagicSwap facilitates the exchange of MAGIC for other types of reserve currency used in these various games. By doing so, this gateway supports Treasure’s cross-game economy.

Treasure is the foundation for several exciting NFT projects, and more projects are in the works today. While each project stands on its own with individualized features and operations, they all use Treasure's native token. A few of these projects have gained incredible popularity in the decentralized space. What are some of the best Treasure NFT projects to consider playing today?

is less complicated yet equally fun and lucrative for game players. It is recognized as the first project to use the Treasure platform, after 

 along with Smol Cars and Smol Land. As players stake their Smol Brains NFTs, they build up IQ points. With a higher IQ, a Smol Brains NFT increases its value in the marketplace. Smol Pets and Smol Backpacks have recently been released to enhance gaming. Upcoming innovations for Smol Brains include the ability to make Smol Babies and to use Smol Cars in races to earn prizes.

, was the first Treasure metaverse project to go live that was not actually built by the Treasure team. This game starts with a baby Seed of Life NFT, which gradually grows into a child, a teen, an adult and finally, a senior. Over the march of time, the NFT’s traits change. The NFTs are able to fall in love, experience disappointments, get a job, go to school and more. These NFTs simulate the experience of living and take the owner on an emotional journey. When the NFT dies, the owner is awarded a commemorative NFT. MAGIC is the life source that is essential for these NFTs, and they can spur new opportunities and resources.

Treasure has a grassroots community as well as government via the Treasure DAO. This DAO comprises owners of staked MAGIC, and they are responsible for the oversight of the full project. The Treasure DAO also encourages community members to work with team members for the refinement and development of the ecosystem, and this is accomplished via incentives. Going forward, the Treasure DAO may expand the platform's ecosystem and offer more products for the many token holders to take advantage of.

Treasure is a relatively new platform, but several metaverse projects are already live and available on the platform for users to participate in. In addition, new projects are actively being created using the Treasure ecosystem. With this in mind, you can expect significant growth going forward.

The current circulating supply of MAGIC is 113 million tokens. This equates to roughly 32% of the total supply of MAGIC of 350 trillion tokens. Future MAGIC emissions will be allocated with 33% for the Treasure farm and 25% reserved for mining. In addition, 17% of the supply will be used for staking and liquidity. Another 15% is reserved for the ecosystem fund, and the remaining 10% is dedicated to the team. MAGIC’s emission is similar to Bitcoin’s halving mechanism. However, unlike Bitcoin, MAGIC emission occurs annually.

Treasure’s development team specifically opted for the design to take advantage of high early inflation. By doing so, they have fostered long-term sustainability. In addition, the high rewards structure available through MAGIC mining has been crucial in the availability of liquidity. This liquidity has supported protocol and fostered confidence in the platform.

The current price for MAGIC is $0.6263. MAGIC’s peak price of $6.32 was recorded on Feb 19, 2022. The token launched in September 2021 at $0.03828, and the token price reached its lowest point of $0.01999 only a week after the launch.

Looking forward, many experts expect the MAGIC price to increase. While token prices are generally volatile, holding MAGIC could prove to be a profitable investment. According to 

, MAGIC is anticipated to reach $1.64 by the end of 2023. By 2025, the token price may hit $4.71, and it may further increase to $7.63 by the end of 2026. While the projection by many experts is positive, it is important to note that some experts are less bullish on the price of MAGIC going forward. As such, it is important that you always DYOR before investing any of your money.

There are two easy ways to purchase MAGIC. Firstly, you can trade the 

 Spot trading pair on the Bybit exchange once you sign up for a Bybit account.

Another way to buy MAGIC is through the Treasure platform. Treasure’s MagicSwap feature supports token purchases using several cryptocurrencies. Once you hold MAGIC tokens, you can then use them in gameplay on any of the Treasure projects. Because MAGIC is essential for some aspects of gameplay, such as to keep your Life’s Seed of Life NFT alive, you may find yourself taking advantage of the Bybit or MagicSwap exchanges many times going forward.

MAGIC is essential for gameplay in Treasure projects, but it also could be a solid investment. All crypto prices are volatile, and there is always a possibility of losing money through holdings. However, the price of MAGIC is expected to gradually trend upward over the course of the next several years. This means that if you plan to hold MAGIC tokens for the short term, it could potentially result in loss. Holding the tokens for a longer period of time could give you a greater potential for financial gains.

Keep in mind that MAGIC has additional utility beyond being an investment. It can be used to develop NFTs, such as by increasing their resources and adding more advanced powers and traits. When MAGIC is used to enhance your collection of NFTs, there is an additional potential for growth. At the same time, your investment could help to foster further growth of the platform.

While there are many platforms similar to Treasure today, this platform stands apart through its commitment to growing Arbitrum and fostering web3 utility. At the same time, its token can conveniently be used across the spectrum of Treasure projects, and this may enhance gameplay for many owners. If you have not already explored all that Treasure offers, this could be the ideal time to do so.

Treasure (MAGIC): Connecting Metaverse Projects with MAGIC

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