Business Wire

Mythical Games and Polkadot Join Forces to Power the Next Generation of Gaming

Share

Next-generation game technology company Mythical Games has announced its plans to migrate the Mythical Chain to the Polkadot ecosystem, leaving Ethereum in favor of the decentralized and interoperable multichain network. As part of this groundbreaking move, Mythical Games will also introduce and launch a Mythos “Superchain” for the benefit of the Mythos ecosystem - a decentralized autonomous organization (DAO) established to reduce barriers to entry for game developers - on Polkadot. This will allow new gaming partners and projects to leverage Polkadot’s unique technology and community to create the largest and most connected gaming ecosystem in Web3.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230426005431/en/

The announcement coincides with the 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.

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. Further, it is critical to be building on a security and governance infrastructure that gets stronger over time with more participation and is fully interoperable with other Mythos ecosystem gaming partners. After discussions with numerous blockchain protocols, it was an easy decision: Polkadot’s commitment to innovation, security, and governance provides the most value for our community. We believe this new technology will not only support our growth efforts, but also enable other Mythos partners to utilize this technology for their own high-scale projects.”

Following the transition to Polkadot, the Mythical Chain will enable Mythos gaming partners to build their own chains without sacrificing interoperability or connectivity. This will result in a new “Superchain”, a scalable platform that will be accessible to all Mythos partners and compliant with Web2 gaming platforms, including the Epic Games Store, without sacrificing interoperability or connectivity. This accessibility is a core principle for Mythical as it continues to bridge the gap between blockchain and traditional gaming.

Björn Wagner, CEO of Parity Technologies, a leading contributor to the Polkadot network, said: “We are thrilled Mythical Games was drawn to the unique strengths of Polkadot, which allows projects to create their own ecosystems within Polkadot, including their own governance and treasury. Together with Mythical, we look forward to onboarding additional AAA gaming companies and gamers to the Mythos ecosystem, bringing Polkadot one step closer to becoming the global leader in next-generation gaming. As we’ve gotten to know John and the Mythical team, it’s become apparent that we hold the same beliefs around decentralization and technical innovation, and I’m confident that together we will push Web3 capabilities years ahead of where we are today.”

The Polkadot ecosystem will also benefit from Mythical’s advanced features, streaming technologies, and Web3 gaming expertise. Boasting over 3 million digital asset transactions per month, 200,000 active wallets utilizing over 1 native million MYTH tokens a day in gaming transactions, and a rapidly growing portfolio of games, Mythical is a leading innovator in Web3 gaming and metaverse. The engagement brings a significant potential for growth and interoperability, driving adoption of Mythical and Polystream - Mythical’s interactive streaming platform - across Polkadot’s burgeoning ecosystem.

Founded in 2018, Mythical features immersive games including NFL Rivals (iOS, Google Play) - its newest game of all and the first Web3 game from the National Football League (NFL) and NFL Players Association (NFLPA) - its flagship Blankos Block Party on Epic Game Store, and the soon-to-be-released Nitro Nation: World Tour (iOS, Google Play). The Mythical Chain is currently in the top four blockchains in terms of monthly digital asset sales and handles more gaming transactions a day than any other blockchain - including Ethereum - with more than 3.2 million on-chain gaming transactions in the last 30 days.

In addition to the migration to Polkadot, Mythical will provide its patent-pending digital asset reservation system to its users. The system can escrow any item on-chain, ensuring that even if a purchase starts on a traditional gaming ecosystem, it will be delivered to players buying with fiat while still recording the transaction or sale on-chain. Currently compliant with major gaming ecosystems like the Epic Games Store, Apple iOs, and Google Play, additional compatibility is forthcoming and will subsequently expand both the Mythical and Polkadot communities even further.

Mark Cachia, Founder and CIO of Scytale Digital, said: “In choosing Polkadot, Mythical Games now has a solid foundation of innovative and top performing tech to lean on and will be able to focus on what it’s great at - games. We are confident that Polkadot will deliver on its promise to be the most advanced and versatile blockchain platform which is why Scytale is proud to be a valued partner in this deal.”

For more information on Polkadot, visit polkadot.network.

About Mythical Games

Acknowledged by Fast Company’s World Changing Ideas 2021 and Forbes’ Disruptive Technology Companies To Watch in 2019, Mythical is a next-generation games technology company creating a web3 gaming ecosystem by leveraging blockchain technology and playable NFTs for tools that enable players, creators, artists, brands and game developers to become stakeholders and owners in new “play and own” game economies. Led by gaming industry veterans, the team specializes in building games around player-owned economies and has helped develop major franchises including Call of Duty, World of Warcraft, Guitar Hero, DJ Hero, Marvel Strike Force, and Skylanders.

Mythical Platform can be added to pre-existing game economies or built into the design of a new game from the ground up, and enables management of digital asset trades, payments, users, and inventory management, making it possible for buyers and sellers of digital assets to transact confidently in an environment founded on transparency, security, trust and value. Mythical Marketplace provides seamless integration to game inventory and offers fraud protection, fee optimization, and soon asset bundling and buyer and seller pricing recommendations. Mythical partners will also have access to proprietary intelligence, market design and market intervention tools that enable easy and safe digital asset transactions.

About Polkadot

Polkadot provides the technical advances necessary to make blockchain technology practical, accessible, scalable, interoperable, and future-proof, removing limitations and barriers to entry, and thereby fueling innovation, growing the decentralized technology space, and bringing the Web3 vision to life. It connects private and consortium chains, public and permissionless networks, oracles, and future technologies that are yet to be created.

About Scytale

Scytale is a digital asset manager with a focus on blockchain solutions. The company was an early adopter/investor in blockchain with Horizon Fund I in 2017. Horizon Fund II closed in early 2022. Scytale largely invests in projects building real world solutions across different Web3 ecosystems. To date, Scytale Horizon II has invested in 15 projects with a diversity of offerings, which include gaming, music, legaltech, security, as well as blockchain and metaverse infrastructure, among others.

To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.

Contact information

K.C. Maas
kc.maas@wachsman.com

About Business Wire

For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.

Subscribe to releases from Business Wire

Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Business Wire

Blue Yonder Announces Binding Agreement To Acquire One Network Enterprises for Approximately $839 Million To Create Multi-Enterprise Supply Chain Ecosystem29.3.2024 15:13:00 EET | Press release

Blue Yonder, a leader in digital supply chain transformations, continues its forward momentum to revolutionize the supply chain and has today announced the signing of an agreement to acquire One Network Enterprises (One Network) for approximately $839 million, subject to adjustments. One Network, provider of the Digital Supply Chain Network™, is known for its autonomous and resilience services and is a leading global provider of intelligent control towers. Upon completion, Blue Yonder will be well positioned to serve customers’ needs across planning, execution, commerce, and networks. “Supply chains have become more complex, and as more and more companies reduce risk by diversifying sourcing of products globally, there is an increased demand for the sharing of information and resources across the whole value chain. This, along with increased disruptions and geopolitical risks, have put the pressure on organizations to build more resilient and robust supply chains,” said Duncan Angove,

Dubai Electricity and Water Authority PJSC Shareholders Approve Payment of AED 3.1 Billion in Dividends29.3.2024 15:12:00 EET | Press release

Dubai Electricity and Water Authority PJSC (ISIN: AED001801011) (Symbol: DEWA), the Emirate of Dubai’s exclusive electricity and water services provider and majority owner of the largest cooling services provider, which is listed on the Dubai Financial Market (DFM), reported that its shareholders have, in the general assembly held on March 28th, 2024, approved the payment of total dividend of AED 3.1 billion with a record date of April 8th, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240329162756/en/ Dubai Electricity and Water Authority PJSC shareholders approve payment of AED 3.1 billion in dividends (Photo: AETOSWire) General Assembly Details The meeting, chaired by HE Matar Humaid Al Tayer, Chairman of the Board of Directors of DEWA, was attended by HE Saeed Mohammed Al Tayer, MD & CEO of DEWA and Members of the Board of Directors of DEWA as well as 85.9% of the shareholders. The assembly was held on Thursday (2

PAN Finance Names Libertex ‘Global CFD Broker of the Year’29.3.2024 08:25:00 EET | Press release

As the first quarter of 2024 draws to a close, Libertex is thrilled to announce its first accolade of the new year! The established global financial publication PAN Finance has determined Libertex to be the ‘CFD Broker of the Year – Global 2024’ following a rigorous evaluation process conducted by the publication's highly experienced editorial and research teams. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240328235325/en/ (Graphic: Libertex) PAN Finance is a trusted source of global financial intelligence with an impressively wide readership across 150 countries. Its ecosystem includes a quarterly magazine, special reports, a news website, and various social media channels. As an organisation, PAN Finance is committed to providing concise, intelligent, and up-to-date news for a worldwide readership of specialists spanning the entire finance industry. The company's awards programme aims to serve as a true indicator of exc

Midea Group releases its first-ever ESG brand story with an unexpected VIP visit highlighting its commitment to sustainability.29.3.2024 04:39:00 EET | Press release

Midea Group: This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240328526418/en/ Background: Midea Group, a leading global technology group, recently released its 2023 Environmental, Social, and Governance (ESG) Report with ambitious sustainable development goals set for 2030. They include achieving over 500 megawatts of photovoltaic power generation, reducing greenhouse gas emission intensity (scopes 1 and 2) by 0.040, secure Energy Management System Certification for 50 factories, and achieve 100% carbon footprint accounting for major categories of smart home appliances. This is aligned with the Sustainable Development Report Standards of the Global Report Standards of the Global Reporting Initiative (GRI). The new report and campaign focuses on four dimensions: Protect the Blue Planet, Build a Harmonious Community, Practice 'Bring Great Innovations to Life', and Jointly Create the Prosperous Ecology. The campaign: Midea’s ESG

DC Secretary Announces Annual Determinations Committees Outcome28.3.2024 23:14:00 EET | Press release

DC Administration Services, Inc. has today announced the composition of five regional Determinations Committees (DCs), effective from April 27, 2024. Voting Dealers (for all regions): Voting Non-Dealers (for all regions): Bank of America N.A. Citadel LLC Barclays Bank plc Elliott Management Corporation BNP Paribas Pacific Investment Management Company LLC Citibank, N.A. Deutsche Bank AG Goldman Sachs International JPMorgan Chase Bank, N.A. Voting Dealer for the Americas, EMEA, AEJ, and Japan Determination Committees: Mizuho Securities Co., Ltd. The process for selecting DC members is specified in the DC rules. The DC rules, along with more information about the Determinations Committees and what they do can be found at the Determinations Committees website: https://www.cdsdeterminationscommittees.org/. View source version on businesswire.com: https://www.businesswire.com/news/home/20240328441002/en/ Contact information Press Inquiries: Orlando Figueroa orlando.figueroa@citadelspv.com

In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.

Visit our pressroom
HiddenA line styled icon from Orion Icon Library.Eye