The decentralized autonomous organization behind the Mythos blockchain is set to bring over 5 million players to the Polkadot ecosystem, Investing.com has learned.
Under the partnership, tokens will be swapped between the Polkadot community treasury and the Mythos treasury.
Specifically, 1,000,000 DOT will be exchanged for 15,000,000 MYTH tokens. The proposal details the distribution of MYTH tokens, with 10,000,000 tokens allocated directly to DOT holders who hold between 10 and 5,000 DOT.
The remaining 5,000,000 MYTH tokens will be used for incentives and grants for ecosystem partners, such as Polkadot exchanges and DEXs. Any tokens not used by September 2024 will be returned to the Polkadot community.
As part of this partnership, the Mythos Chain will migrate to the Polkadot ecosystem as a parachain. This move will leverage Polkadot’s flexible EVM module, ensuring address compatibility with the EVM and allowing developers to leverage the WebAssembly-based Substrate framework.
The migration will also enable MYTH to benefit from Polkadot’s advanced cross-chain functionality, including native XCM and decentralized bridges like Snowbridge.
This transition will see over 750,000 existing active wallets on the Mythos Chain, along with the broader user base of over 5 million, integrated into the Polkadot ecosystem. As a result, Polkadot will become one of the largest blockchain ecosystems for gaming.
This migration is expected to pave the way for other projects to take advantage of Polkadot’s benefits.
John Linden, CEO of Mythical Games, commented on the partnership: “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.”
Led by gaming industry veterans, Mythical Games builds games around player-owned economies and has been involved in developing major franchises like Call of Duty, World of Warcraft, Marvel Strike Force, and Skylanders.
The Mythical Platform provides both custodial and non-custodial gaming wallets for digital items. This setup protects gamers who are new to blockchain while allowing advanced players to link their own wallets through bridges between the Mythical Chain and public mainnets.
Source: Cryptocurrency - investing.com
