Deep Dive
1. AI Agent Scaling (5 June 2025)
Overview: Treasure sunset its proprietary blockchain (Treasure Chain) to refocus resources on AI agent technology, enabling scalable NFT-driven gaming experiences.
The TIP-49 governance proposal reallocated 10M MAGIC tokens from Bridgeworld to fund AI infrastructure, including Neurochimp – a framework for autonomous NFT agents. This shift aims to support concurrent operation of thousands of AI agents in games like Smolworld. The migration to Ethereum improves interoperability but required deprecating Treasure Chain’s EigenLayer staking mechanics.
What this means: This is bullish for MAGIC because AI-driven gameplay could boost user engagement and token utility. However, the chain migration introduced short-term technical complexity for developers. (Source)
2. Ronin Network Integration (11 August 2025)
Overview: Treasure launched AI agents on Ronin, allowing NFTs to become playable characters in Fishing Frenzy and other games.
The update lets users convert NFTs from Axie Infinity, CyberKongz, and partner collections into AI agents that automate tasks like fishing, quests, and resource management. Agents also function as crypto research tools linked to OpenSea/Ronin data. The system uses $MAGIC for agent creation and in-game actions.
What this means: This is neutral for MAGIC – while it expands use cases, adoption depends on Ronin’s gaming traction. The feature requires MAGIC liquidity on Ronin via Katana swaps or bridging. (Source)
3. Tokenomics Restructuring (5 June 2025)
Overview: Unwound TIP-42’s Treasure Chain incentives, redirecting 10M MAGIC to Treasury for AI development.
The DAO-approved adjustment reduced emissions earmarked for chain infrastructure, instead funding AI agent R&D and Smolworld integrations. Circulating supply projections were revised to 316.24M MAGIC by December 2025, reflecting slower emissions post-restructuring.
What this means: This is mildly bearish short-term due to potential sell pressure from redirected tokens, but aligns emissions with revised ecosystem priorities. (Source)
Conclusion
Treasure’s codebase shifts toward AI-powered gaming and Ethereum interoperability, balancing technical ambition with tokenomics adjustments. While recent updates enhance MAGIC’s role in automated gameplay, will developer momentum sustain through the chain migration’s complexity?