Mythical Games moving to Polkadot
Coinciding with its recent launch of NFL Rivals comes the news that blockchain game publisher Mythical Games is moving to Polkadot.
Reportedly one of the top four blockchains by monthly digital sales volume, Mythical Games will not only migrate its Mythical Chain but is also planning to launch its Mythos ecosystem on Polkadot too.
In October 2022, Mythical Games announced the establishment of the Mythos Foundation. Its purpose is to oversee the Mythos DAO and its native $MYTH token, which currently is an ERC20 token deployed on the Ethereum blockchain.
What part that DAO has played in the decision making regarding the migration to Polkadot is yet unclear.
However, Mythical Games CEO John Linden, has said “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.”
With casual party game and flagship title Blankos Block Party, forthcoming Nitro Nation: World Tour and recently launched NFL Rivals, an American Football game built in partnership with NFL, Mythical Games has over three million digital asset transactions per month and 200,000 active wallets with one million $MYTH tokens a day in gaming transactions.
Björn Wagner, CEO of Parity Technologies, a leading contributor to the Polkadot network, said “We look forward to onboarding additional triple-A gaming companies and gamers to the Mythos ecosystem, bringing Polkadot one step closer to becoming the global leader in next-generation gaming”.
Adding spice to the news surrounding Mythical Games is the simultaneously announced $20 million investment from Polkadot-aligned German VC Scytale Digital.
In late 2021, the Mythical Games raised $150 million in a Series C round on a $1.25 billion valuation. Along with Andreessen Horowitz, the backers included Binance, FTX and Redbird Capital.