The Mythos Foundation, supported by Mythical Games, has partnered with Polkadot to migrate its expansive gaming and entertainment ecosystem to Polkadot's network. This move is expected to bring over 5 million users from Mythos into one of the world's largest blockchain gaming ecosystems.
Revolution in Gaming with decentralized partnership
This groundbreaking partnership was facilitated through Polkadot’s OpenGov system, a model of decentralized governance that allows the community to have full control over decisions and financial allocations. As part of this collaboration, there will be a token swap involving 1,000,000 Polkadot from Polkadot’s community treasury for 15,000,000 Mythos from the Mythos treasury.
The specifics of the partnership include distributing 10,000,000 MYTH tokens directly to DOT holders who hold between 10 and 5,000 DOT. The remaining 5,000,000 MYTH tokens will be distributed through incentives and grants to drive engagement and development within the Polkadot ecosystem, particularly with exchanges and decentralized exchanges (DEXs). Any undistributed tokens until September will revert to the Polkadot community.
As part of the strategic partnership improves the Mythos Chain by using Polkadot's advanced features that allow different blockchain networks to work together. These features include XCM (a messaging format for Polkadot) and decentralized bridges like Snowbridge, which help connect different networks. On top of that, it makes sure the Mythos Chain works well with Ethereum-based applications and gives developers more tools to create widely-used applications using Polkadot’s Substrate framework.
“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.”— John Linden, CEO of Mythical Games.
Wrapping up
With this partnership Mythos migrates over 750,000 active wallets and introduces over 5 million users to the Polkadot network, forming the world's largest blockchain gaming ecosystems. This move sets an important precedent for other gaming and non-gaming projects looking to tip their toes into decentralized ecosystems like Polkadot.