Nikolas Sargeant
The Mythos Foundation, the DAO behind the Mythos blockchain gaming and entertainment ecosystem, and Mythical Games have partnered with Polkadot.
In this strategic partnership, Mythos will bring over 5 million players to the Polkadot ecosystem.
In a press release shared with Cryptowisser, Mythos revealed that the partnership was executed through Polkadot’s OpenGov, a decentralized governance system. The partnership involves a plan to swap tokens between the Polkadot community treasury and the Mythos treasury. As such, a total of 1,000,000 DOT will be exchanged for 15,000,000 MYTH tokens.
Per the proposal, 10,000,000 tokens will be distributed directly to DOT holders between 10 and 5,000 DOT. The remaining 5,000,000 MYTH will be allocated to incentives and grants for ecosystem partners, for example for Polkadot exchanges and DEXs. Tokens that are not used by September 2024 will be returned to the Polkadot community, the team added.
While commenting on this migration, John Linden, CEO of Mythical Games, said,
“Mythos has formed a groundbreaking, transformative partnership with Polkadot, which is set to immensely benefit both blockchain ecosystems, as well as the entire Web3 gaming community. As a result of this new partnership, I expect Mythos will continue to grow immensely thanks to the impressive technological and community bases of the two collaborative ecosystems.”
Thanks to this latest partnership, Mythos Chain, previously a permissioned EVM-based blockchain, will migrate to the Polkadot ecosystem as a parachain. The Mythos Chain will maintain address compatibility with the EVM and allow builders to fully leverage the strength of the WebAssembly-based Substrate framework.
Furthermore, MYTH will move to Polkadot to leverage its advanced cross-chain functionality, including native XCM and decentralized bridges like Snowbridge.
Mythos said its migration will see Polkadot onboard over 5 million users, making it one of the largest blockchain ecosystems for gaming.
The Mythos Foundation and its DAO aim to transform Web3 gaming by fostering an inclusive, blockchain-enhanced ecosystem. Supported by Mythical Games, Mythos promotes decentralized gaming economies, multi-chain support, and NFT integration, focusing on lowering barriers for developers and enhancing player experiences.
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.
Mythical Platform protects gamers that may be new to blockchain through a dual custodial and non-custodial gaming wallet for their digital items, while allowing advanced players the freedom to link their own wallets via bridges between the Mythical Chain and public mainnets.
