- Mythical Games is migrating its Mythical Chain from Ethereum to Polkadot and launching its new Mythos ecosystem on Polkadot.
- The move enables Mythos gaming partners to build their own chains and create the biggest, most connected gaming ecosystem in Web3.
Mythical Games Migrates from Ethereum to Polkadot
Next-generation game technology company Mythical Games has announced its plans to migrate its Mythical Chain to the Polkadot ecosystem, leaving Ethereum in favor of the decentralized and interoperable multichain network. The move will enable Mythos gaming partners to build their own chains and create the largest and most connected gaming ecosystem in Web3.
— Polkadot (@Polkadot) April 26, 2023
Mythos Ecosystem on Polkadot
As part of the move, Mythical Games will launch its Mythos ecosystem on Polkadot, which is a decentralized autonomous organization (DAO) established to reduce barriers to entry for game developers. The ecosystem allows Mythos gaming partners and projects to leverage Polkadot’s unique technology and community to build their own chains and create a scalable platform that is accessible to all Mythos partners and compliant with Web2 gaming platforms.
Exciting news for the Polkadot community!
According to recent data, @Polkadot ranks #1 among top blockchains by weekly development activity.
— Polkadot Insider (@PolkadotInsider) May 1, 2023
Benefits of Migrating to Polkadot
The decision to migrate to Polkadot was made due to Ethereum’s relatively slow transaction speeds and scalability issues, which would ultimately hinder Mythical’s scaling plans with its new games. Additionally, Polkadot’s commitment to innovation, security, and governance provides the most value for the Mythos community. The move will also benefit the Polkadot ecosystem by bringing Mythical’s advanced features, streaming technologies, and Web3 gaming expertise.
ScytaleDigital, a digital asset manager with a focus on blockchain solutions, is a valued partner in the deal. Scytale largely invests in projects building real-world solutions across different Web3 ecosystems, and it has invested in 15 projects to date, including gaming, music, legaltech, security, as well as blockchain and metaverse infrastructure, among others.
In conclusion, Mythical Games’ move to Polkadot is a significant step towards creating the most connected gaming ecosystem in Web3. The migration to Polkadot will enable Mythos gaming partners to build their own chains and create a scalable platform that is accessible to all Mythos partners and compliant with Web2 gaming platforms. The partnership with ScytaleDigital brings added expertise and investment to the deal, driving adoption of Mythical and Polystream across Polkadot’s burgeoning ecosystem.