Chest

Chests are pieces of furniture that can be placed for the purpose of storage. You require 7 Wood, 3 Iron Bars, and acess to a Workbench to craft a chest. They are also occasionally found in caves and in chasms in The Corruption, also they might appear in floating islands, and usually have random loot or good items in them. Chests that are found underwater have been hinted to have a higher chance of containing water-related items, such as breathing reeds or flippers.

Chests found in the dungeon contain rare prizes. Going into deeper layers also increases the value of items found inside.