Stable in unstable times…
Let’s dive into the events of last week; the situation in Europe, our latest investments, Avalanche, and some exciting marketing updates.
Our team at MFF will always side with peace, and we pray this conflict is resolved swiftly in the safest manner possible for all individuals involved. Above all else, the recent events in Europe and the lives of those affected take precedence. We wish strength and safety to all during this time.
Despite this state of affairs, we fully understand our number one responsibility is to deliver for our investors. We heavily entered a position in stablecoins as soon as the situation between Russia and Ukraine escalated. While much of our treasury is currently in stablecoins, we have recently entered two high-conviction positions that we are very excited to announce.
Tank Wars Zone
Tanks Wars Zone is a pioneer of its kind, play-to-earn game native to the Fantom Ecosystem. Not only does TWZ provide a much cheaper barrier to entry than competitors, but it also boasts an experienced team that is executing on their vision based on the high-level gameplay and expertly crafted game mode features and tokenomics.
We have identified this as a highly undervalued project and have minted an extensive collection of ‘Genesis Tank’ NFTs and are accumulating their ‘$wBond’ utility token used for voting, trading tanks, NFTs, equipment, booster fluids, and staking within the game. Many exciting developments are taking place on the Fantom Network and we envision Tank Wars dominating the chain’s GameFi landscape, similar to the success and foothold Crabada has established on the Avalanche Network.
Treasure is a decentralized metaverse on Arbitrum that utilizes its native token, $MAGIC, to create an intertwined ecosystem of NFT projects. Treasure recently launched Bridgeworld, its flagship play-to-earn game, where users can utilize ‘Legion’ NFTs to quest, craft, and summon to earn NFT rewards.
Outside of Bridgeworld, several other Treasure DAO associated NFTs and games have been released or are in the pipeline. Quarter one saw the game LifeNFT release, where the Seed of Life NFT is utilized to play a unique MMORPG. Coming Q2 will be the Smolbrain community launching their bootstrapping program.
These crossovers and shared ecosystems have birthed the “Decentralized Nintendo” narrative. Nintendo would be the Treasure DAO, Bridgeworld would be Super Mario Bros, and Smols and Seed of Life would be one of many side games and characters that we know and love in the Nintendo universe, such as Yoshi, Bowser, and Kirby. Look out for the continued evolution of the Treasureverse and the release of new games and characters!
Crucial to any game is the growth of its user base, along with the strength of that community. Treasure Dao checks off these boxes and then some, creating a bubbling community that is highly passionate about building the Dao.
Community is essential in creating a sustainable project, and P2E games would simply collapse without a fleshed-out flywheel strategy. Treasure truly shines in that regard by having constructed an incredible system to utilize its native token and NFTs.
For example, the utility of $MAGIC token and ‘Legion’ NFTs is strengthened constantly. The team has found innovative ways to implement further uses and functions of these assets within Bridgeworld and its partnered games, creating a well-thought-out balance within the ecosystem.
Furthermore, their intricate staking system only releases 100% emissions if a certain amount of circulating $MAGIC is staked; as a result, 72% of its circulating supply is staked, with most locked for 6 -12 months. Users can even boost their staking emissions by locking up their $MAGIC for a more extended period, along with staking their Treasure NFTs.
Our Strategy and Vision for the Future…
We have taken a position in $MAGIC and earned yield on a few of the ecosystem’s NFTs that we see providing even further utility down the road. We are constantly monitoring Treasure Dao, and one development we have a particularly close eye on is the launch of its Trove Marketplace.
Home to the Abritrum network, Trove enables cheaper transactions with the security of the Ethereum blockchain. Trove’s NFTs will be denominated in Ethereum, and fees earned from the platform are distributed back to $MAGIC stakers. So not only will token holders be rewarded in $MAGIC from the currently implemented Treasure Marketplace, but they will also earn Ethereum from Trove rewards.
Constant innovation and execution are what have us very bullish on Treasure Dao. We see the potential for massive growth from here and will continue to pulse on all further developments coming from the project.
Regarding our upcoming Avalanche bridge, we have decided to delay its implementation for the time being. The bridge is ready for deployment at any time, but its launch would require $100k to fund the liquidity pool, and the only viable way to accomplish this is by using funds from the treasury.
However, we believe it is more to benefit our community and MFF’s long-term sustainability to use that 100k to grow our treasury further. We have been very successful with this strategy thus far, increasing the treasury by roughly 35% in the one week since launch.
We know some of you will be disappointed by the delay, but this decision will only make us more substantial when we launch the AVAX bridge.
An exciting development has been releasing our first Meta Farmer Finance podcast episode! You can catch the episode here on Spotify where our very own Murdoc and Coin Catcher interview the founders of Fief, a pioneer economic guild of the metaverse.
We have many exciting guests coming up, so be on the lookout for future episode drops!
To close, we would like to underscore just how committed the team at MFF is to providing our community with unparalleled access and exposure to the GameFi space. Market conditions have no bearing on the time or effort our team puts into creating the best possible product for you, the investors. Regardless of the circumstances, you can be assured that our team will be working around the clock to establish ourselves as the one-stop-shop for all things GameFi in the crypto landscape.
With that, have a great rest of the week!
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