With the rapid development of blockchain technology, Mythos, as an emerging cryptocurrency project, has quickly attracted widespread attention from the market. Mythos aims to democratize the gaming world through a multi-chain ecosystem, allowing players and creators to participate in the value chain, and providing support for a unified market and decentralized financial system.
Mythos Market Performance
According to the latest data, the price of Mythos increased by 12.1% in 24 hours, reaching $0.4538, the market value climbed to $229 million, and the 24-hour transaction volume also increased significantly to $369,000. This price increase shows a significant increase in the popularity of the Mythos market.
Founded in 2018 by former employees of well-known companies such as Blizzard, Activision, and Yahoo, Mythical Games has raised more than $260 million through multiple rounds of financing, with major investors including Binance Labs and NBA superstar Jordan. Most of this funding was completed in 2021, supporting the company's business expansion and technological advancement.
Mythos’ Market Position
Since the second quarter of this year, Mythos has performed remarkably well in the NFT market. Data shows that Mythos' NFT sales in the past seven days reached $5.279 million. Although it was down from the previous week, its sales volume ranked sixth, showing its important position in the market. The Mythos chain's sales in the NFT market were $5,279,485, accounting for 0.37% of the total transaction volume, with 57,273 buyers and 48,631 sellers, showing a stable and active user base.
Overall performance of the NFT market
According to CryptoSlam data, the total global NFT sales in the past 24 hours reached $21,576,158, an increase of 22.47% from the previous day, and the total number of transactions was 216,052, an increase of 11.09%. The volume and number of wash trades decreased by 9.64% and 7.68% respectively, indicating an increase in market demand for real transactions, while trading profits also increased by 11.09%.
The future of Mythos
The transaction volume of the Mythos chain mainly comes from projects such as DMarket and NFL Rivals. In particular, DMarket, with a transaction volume of 37.748 million US dollars, is second only to BAYC and has become an important pillar of the Mythos chain. The success of Mythos lies not only in its unique game economy model and multi-chain ecosystem, but also in the strong support system behind it. As the main promoter of Mythos, Mythical Games not only provides technical support, but also actively promotes the development of the Mythos Foundation, focusing on five major areas such as cross-chain infrastructure, NFT and the evolution of the game economy.
Strategic investment from STEPN developer FSL
On June 5, 2024, Find Satoshi Lab (FSL), the developer of STEPN, announced a strategic investment in Mythos (MYTH) on the X platform. This news has attracted widespread attention because STEPN was once a popular project in the blockchain gaming field, and FSL's investment marks the in-depth cooperation between the two important projects, which is of great strategic significance.
With its rich experience in developing the custom game market, FSL knows the real needs of game developers. As the team behind STEPN, FSL has accumulated valuable experience in promoting the "Move to Earn" model, making STEPN the world's first NFT game that allows users to earn money while exercising, which quickly detonated the market and won the favor of a large number of users. FSL believes that developing one or several attention-grabbing applications and promoting the development of the ecosystem are key steps to achieve large-scale popularization of Web3 games.
Mythical Games has demonstrated its strong market execution and technical strength by launching popular games such as Blankos, NFL Rivals, and Nitro Nation World Tour. Through these projects, Mythical Games has a deep understanding of the importance of secondary market transactions in Web3 and recognizes the huge potential for the popularization of mobile applications.
Mythos’ strategic expansion
This strategic investment will further promote the expansion of Mythos and empower more game studios. The Mythos team has a deep background in traditional games and has accumulated many years of experience in the Web3 field, which enables them to effectively promote adoption and innovation. FSL firmly believes that the cooperation with Mythos not only has strong strategic value, but will also accelerate Mythos' layout and influence in the market.
Through multiple acquisitions and financing, Mythical Games has continued to expand its business and influence, providing a solid foundation for the development of the Mythos project. Since its establishment in 2018, Mythical Games has acquired companies such as Arcuity, Shortround Games and Polystream, and raised more than $260 million through multiple rounds of financing, including support from well-known investors such as Binance Labs and NBA superstar Michael Jordan.
Mythos and Pudgy Penguins collaboration
Recently, Mythical Games announced that it will develop a mobile game called Pudgy Penguins and plans to release it on the Mythos chain in the Polkadot ecosystem in 2025. This collaboration marks the important position of Mythos Chain in the multi-chain ecosystem.
Pudgy Penguins is a popular NFT brand whose avatars have quickly become popular in the crypto community. Pudgy Penguins expanded into the physical market, and the toys sold in major retailers such as Walmart, Target, and Amazon achieved sales of more than $10 million in less than a year. The brand has successfully attracted a large number of users through the combination of physical products and digital NFTs, and has achieved remarkable success in the retail and social media fields.
Mythos Chain is a multi-chain ecosystem based on Polkadot, led by Mythical Games. Mythical Games has extensive experience in the field of blockchain games, and its games such as Blankos Block Party and NFL Rivals are very popular. The number of players of NFL Rivals has exceeded 5 million, and Blankos Block Party has also performed well on the PC platform. Mythos Chain provides game developers and users with an efficient and secure transaction and interaction platform through a multi-chain architecture and decentralized governance mechanism.
Summarize
In summary, Mythos' performance in the NFT market and its innovative ecosystem make it a highly anticipated cryptocurrency project. STEPN developer FSL's strategic investment in Mythos demonstrates the huge potential of Mythos in the Web3 gaming field and marks the in-depth cooperation between the two important projects in promoting the development of blockchain games. With the addition of more games and applications, Mythos is expected to continue to lead the market and promote the popularity and development of Web3 games. Future market developments deserve continued attention.
The success of Mythical Games lies not only in its unique game economic model and multi-chain ecosystem, but also in the strong support system behind it. Through multiple acquisitions and financing, Mythical Games has continuously expanded its business and influence, providing a solid foundation for the development of the Mythos project. With the rapid changes in blockchain technology and market fluctuations, Mythos is expected to make greater breakthroughs in the blockchain game market, but it still needs to pay attention to market dynamics and technological development to maintain its competitive advantage.
