Over 5 million users! From NFL Rivals to Pudgy Penguins, how is Mythos Chain leveraging Polkadot?

In the Web3 gaming space, a rising star named Mythos Chain is rapidly gaining momentum, driving the convergence of blockchain technology and the gaming industry. In June, Mythical Games officially integrated with Polkadot, launching its parachain Mythos Chain and gradually migrating millions of users to the network. This integration not only enables Mythos to leverage Polkadot’s powerful infrastructure but also brings significant growth in transactions across the Web3 gaming and NFT markets.

Recently, during Polkadot Decoded Asia in Singapore, PolkaWorld interviewed the CEO of Mythical Games to discuss various intriguing topics related to gaming. If you haven’t watched it yet, check out the video below.

This article will explore the development of Mythos Chain, its integration with Polkadot, and the potential impact on the future. Let’s dive into this rising star in the Web3 gaming world.

The Relationship Between Mythos Chain and Mythical Games

Mythos Chain is a decentralized blockchain platform developed and driven by the renowned game development company Mythical Games. As a Polkadot rollup, Mythos Chain serves as the foundation for expanding Mythical Games’ gaming and NFT ecosystem into the Web3 space. Flagship games like NFL Rivals and Blankos Block Party rely on the decentralized infrastructure provided by Mythos Chain, allowing players to truly own, trade, and manage their in-game assets.

Mythical Games is a leader in the blockchain gaming space, backed by a team of industry veterans who have contributed to globally renowned titles such as Call of Duty, World of Warcraft, and Marvel Strike Force. Through Mythos Chain, Mythical Games has built a decentralized game economy where players can transact using MYTH tokens and benefit from cross-chain interoperability that links different games and markets. Mythos Chain is not just the core platform for Mythical Games’ asset trading but also a critical foundation for the entire Web3 gaming ecosystem.

This close relationship highlights that Mythos Chain is more than just a tool for Mythical Games to expand its gaming and NFT offerings; it is also a key platform driving the growth of the decentralized gaming and NFT markets. Leveraging its deep expertise in game development, Mythical Games is positioning Mythos Chain as a leader in cross-chain interoperability and decentralized economies.

Why Did Mythical Games Choose Polkadot?

The decision to partner with Polkadot and launch its parachain, Mythos, was driven by multiple strategic considerations. As a leading platform in the blockchain space, Polkadot stands out with its unique architecture and technical advantages, particularly in scalability, interoperability, and security. These features provide the ideal infrastructure for Mythos Chain, enabling rapid growth in the Web3 gaming and NFT markets.

First, Polkadot’s shared security model offers robust network protection for Mythos Chain. By leveraging the parachain architecture, Mythos can access shared security resources with other parachains while maintaining decentralization. This not only enhances network resilience but also reduces the risk of individual chains being targeted by attacks.

Scalability and high throughput are also key factors in Mythos’s choice of Polkadot. As the Web3 gaming and NFT markets expand, the volume of in-game transactions and data continues to grow, requiring an efficient network to handle numerous parallel transactions. Polkadot’s sharding technology enables efficient cross-chain communication and parallel transaction processing, ensuring that the Mythos platform can meet the increasing demands of users and transactions.

Additionally, cross-chain interoperability is another significant advantage of Polkadot and a crucial reason for Mythos’s collaboration. With Polkadot’s XCM (Cross-Chain Message Passing) protocol, Mythos can easily communicate with other parachains, enhancing the liquidity of its gaming and NFT assets across multiple chains. Moreover, through Snowbridge, the native MYTH token can seamlessly transfer between Ethereum and Polkadot, creating a more interactive and decentralized gaming experience.

In summary, as a Polkadot parachain, Mythos Chain can leverage Polkadot’s strong security, cross-chain interoperability, and high scalability. Polkadot’s shared security model, EVM compatibility, and WebAssembly-based Substrate framework provide developers with powerful tools to build complex decentralized applications and games more efficiently.

This integration not only addresses the scalability issues of traditional blockchain networks but also enables Mythos to communicate seamlessly with other blockchain ecosystems, enhancing the liquidity and efficiency of gaming asset transactions.

For more details, check out “Why Did Mythical Choose to Migrate to Polkadot? How Did They Achieve It via Snowbridge? | Polkadot Decoded.”

The Impact of Mythos Joining Polkadot

The integration of Mythos Chain into Polkadot has had a profound effect on the latter, particularly in terms of network activity and user base growth. This year, with the large-scale migration of platforms like Mythical Market and DMarket, there are now over 800,000 accounts on Mythos Chain, and Mythical Games’ user base of over 5 million players is gradually being moved to the Polkadot network. This migration has significantly boosted Polkadot’s transaction volume and network activity, further solidifying its position as a key platform for blockchain gaming and the NFT market.

As these users and assets migrate, network transactions on Polkadot have surged. Data shows that in June and September, transaction volumes spiked, with Mythos being one of the major contributors (represented by the dark purple section in the charts). This migration has notably increased Polkadot’s transaction volume and network activity, reinforcing its standing as a critical hub for blockchain gaming and NFTs.

Moreover, the NFT market on Mythos Chain has performed exceptionally well. Recent data indicates that in the past 24 hours, Mythos Chain’s NFT trading volume reached nearly $800,000, ranking fourth globally, just behind Ethereum, Bitcoin, and Solana. The overall NFT trading volume on Mythos Chain has also reached $540 million, injecting new vitality into the Polkadot ecosystem and positioning it as a serious contender in the Web3 gaming and NFT space.

With the help of popular games from Mythical Games, such as NFL Rivals and Blankos Block Party, as well as the upcoming Pudgy Penguins mobile game set to launch in 2025, Polkadot is poised to attract more users and developers. This synergy is further enhancing Polkadot’s influence in blockchain gaming and decentralized applications.

Overall, the addition of Mythos has not only brought millions of new users to Polkadot but has also significantly increased its network activity and transaction volume, positioning Polkadot as a key player in cross-chain interoperability, Web3 gaming, and the NFT market.

Performance and Future Outlook of the Web3 Gaming Market

The Web3 gaming market is experiencing rapid growth, showing strong potential across various dimensions. In 2024, key trends include deeper integration of blockchain technology with gaming, widespread adoption of NFT technology, and the further development of player-driven economies. Currently, NFTs play a crucial role in Web3 gaming by providing true asset ownership and new revenue streams, enabling players to earn by selling, renting, and trading digital assets. These innovations significantly enhance gameplay interaction and player engagement.

The core driving forces behind Web3 gaming are the decentralization of in-game economies and full ownership of assets by players. Through blockchain technology, players can not only own virtual assets but also transfer them across platforms and games. This interoperability offers a more flexible gaming experience, further boosting the appeal of Web3 gaming. In the coming years, as decentralized infrastructure (like DePIN) and VR/AR technologies become more widespread, Web3 games will deliver more immersive experiences and provide developers with greater opportunities for innovation.

From 2024 onwards, the Web3 gaming market is expected to grow at a compound annual growth rate of over 19%, potentially reaching a market size of over $40 billion by 2030. This not only highlights the market’s immense potential but also signals the entry of more traditional gaming companies into the Web3 space, attracting more mainstream players.

As these developments unfold, the integration of Mythos Chain and Polkadot demonstrates how blockchain can further advance Web3 gaming, offering richer experiences and opportunities for both players and developers.

Conclusion

The success of Mythos Chain reflects its rise in the Web3 gaming industry and underscores the importance of the Polkadot network as an infrastructure for decentralized applications.

By integrating with Polkadot, Mythos has expanded the secondary market for in-game assets and boosted activity on the Polkadot network. Moving forward, with more games being released and technology continuing to evolve, Mythos Chain will continue to drive transformation in the blockchain gaming industry, bringing more innovation and opportunities to players worldwide.

About PolkaWorld

PolkaWorld is a Polkadot global community founded in 2019. We have gathered more than 50,000 Polkadot enthusiasts, and have always been committed to spreading Polkadot knowledge, training Substrate developers, and supporting Polkadot/Kusama ecosystem.

From 2019 to 2021, PolkaWorld was funded by the Web3 Foundation and worked alongside them to establish the Polkadot Chinese community. After June 2021, PolkaWorld collaborated with the Polkadot Treasury to establish an Open Social Contract, successfully passing 9 motions! Following the launch of OpenGov in July 2023, PolkaWorld continued its operations, having passed 3 referendums in a row, thereby continuing to contribute to the Polkadot community.

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