Business News Report
April 26, 2023

Mythical Games Switches Blockchain: Mythical Chain to Move from Ethereum to Polkadot

Mythical Games Switches Blockchain: Mythical Chain to Move from Ethereum to Polkadot

Web3 gaming Mythical Games has announced that it will be migrating the Mythical Chain from Ethereum to the Polkadot ecosystem. As part of the move, Mythical Games will launch a DAO on Polkadot to allow new gaming partners and projects to leverage Polkadot’s technology and community.

Following the migration, Mythical Chain will enable Mythos gaming partners to build their own chains, resulting in what Mythical Games calls new “Superchain,” a scalable platform that will be accessible to all Mythos partners and compliant with Web2 gaming platforms, including the Epic Games Store.

Björn Wagner, CEO of Parity Technologies, a leading contributor to the Polkadot network, shared in a press statement that projects building on the Mythical Chain can create their own ecosystems within Polkadot, including their own governance and treasury

Commenting on the decision to switch chains, John Linden, Founder and CEO of Mythical Games, said:

“The decision to leave the Ethereum ecosystem is a combination of issues surrounding relatively slow transaction speeds, even with L2 roll-ups, that would ultimately hinder Mythical’s scaling plans with our new games this year.”

Mythical’s expertise in Web3 gaming and streaming technologies, along with its advanced features, will also benefit the Polkadot ecosystem. According to a press release, Mythical boasts over 3 million digital asset transactions per month, 200,000 active wallets transacting over 1 native million MYTH tokens a day, and a growing portfolio of games.

Apart from moving to Polkadot, Mythical Games will also offer its users the benefit of a digital asset reservation system that is patent-pending. The system can hold any item in escrow on-chain, ensuring that the transaction or sale is recorded on the blockchain, even if the purchase was made using fiat currency in a traditional gaming ecosystem. 

Currently, the system is in compliance with major gaming ecosystems such as Epic Games Store, Apple iOs, and Google Play. The company plans to introduce additional compatibility, which will help in expanding the Mythical and Polkadot communities.

The announcement coincides with today’s global release of NFL Rivals, the National Football League (NFL) and NFL Players Association’s (NFLPA) first officially licensed blockchain video game, developed in partnership with Mythical Games. The game allows gamers to own, collect, and trade in-game assets while building their teams.

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About The Author

Cindy is a journalist at Metaverse Post, covering topics related to web3, NFT, metaverse and AI, with a focus on interviews with Web3 industry players. She has spoken to over 30 C-level execs and counting, bringing their valuable insights to readers. Originally from Singapore, Cindy is now based in Tbilisi, Georgia. She holds a Bachelor's degree in Communications & Media Studies from the University of South Australia and has a decade of experience in journalism and writing. Get in touch with her via [email protected] with press pitches, announcements and interview opportunities.

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Cindy Tan
Cindy Tan

Cindy is a journalist at Metaverse Post, covering topics related to web3, NFT, metaverse and AI, with a focus on interviews with Web3 industry players. She has spoken to over 30 C-level execs and counting, bringing their valuable insights to readers. Originally from Singapore, Cindy is now based in Tbilisi, Georgia. She holds a Bachelor's degree in Communications & Media Studies from the University of South Australia and has a decade of experience in journalism and writing. Get in touch with her via [email protected] with press pitches, announcements and interview opportunities.

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