The move also brings over 750,000 active wallets from the Mythos Chain, along with a user base of over 5 million, to Polkadot.
With Mythos joining Polkadot, the ecosystem instantly becomes one of the largest blockchain ecosystems for gaming. Moreover, Mythos’s migration paves the way for other projects, both in gaming and beyond, to capitalize on the benefits of Polkadot.
According to DotLake statistics, Mythos was behind 3.3 million transactions last Tuesday, a huge leap from under 500,000 the day before. This surge was mainly due to the transfer of non-fungible tokens (NFTs) from Mythos. However, transactions across Polkadot’s ecosystem dropped to 690,000 a day later, with 190,000 still coming from Mythos.
Mythical Games also launched its Mythos ecosystem on Polkadot. This decentralized autonomous organization (DAO) reduces barriers to entry for game developers, allowing them to leverage Polkadot’s technology and community to build their own chains.
Mythical Games, known for its party games and flagship game Blankos Block Party, boasts over 3 million monthly digital asset transactions. With 200,000 active wallets engaging in more than 1 million in-game trades using over 1 million native MYTH tokens daily.
John Linden, founder and CEO of Mythical Games, said the decision to migrate from Ethereum to Polkadot was influenced by several issues with the Ethereum ecosystem. Even with L2 Rollups, slow transaction speeds could hinder Mythical Games’ expansion plans.
Furthermore, establishing a security and governance infrastructure with full interoperability with other Mythos ecosystem partners was crucial.
Thanks to Polkadot’s flexible EVM module, the Mythos Chain will keep its EVM address compatibility and let builders take full advantage of the WebAssembly-based Substrate framework. This shift will unlock a wide range of technical possibilities for creating the next wave of mainstream applications on Polkadot.
As part of this migration, Mythos will also benefit from Polkadot’s advanced cross-chain features, including native XCM and decentralized bridges like Snowbridge.
Source: Cryptocurrency - investing.com
