What is Myria? Myria is a Layer 2 developed on Ethereum using StarkWare ZK-Rollup technology with a breakthrough Web3 gaming ecosystem. Myria empowers gamers with instant transactions without gas fees, this is a competitor in the same industry of Immutable X. So what is Myria and what is the mechanism in Myria that stands out? Let’s find out with Weakhand. in this article.
To better understand what Myria is, people can refer to some of the articles below:
- What is GameFi? GameFi’s Operating Mechanism
- What is Play To Earn? Trend Opens A New Era For Gaming
- What is ZK Rollup? ZK Rollup Solution Overview
Overview of Myria
What is Myria?
Myria is a Layer 2 solution developed on the Ethereum Blockchain using StarkWare ZK-Rollup technology with the aim of scaling Web3 games providing an assortment of useful features. Specifically, the outstanding features that Myria has similar to Immutable X include:
- Maintain NFT self-governance and security on the Ethereum Blockchain network.
- Instant and unreliable transactions are possible verify again on the Ethereum network.
- No Layer 2 Tokens are needed to trade NFTs.
- Advanced mechanism helps Mint NFT operates Off-chain.
- Can be expanded with more than 9000 transactions per second (TPS) while still ensuring safety and decentralization.
Since its launch in August 2022 over 250 project partners have joined the Myria network with over 500,000 NFTs minted and traded on the platform. Additionally, to ensure a seamless and consistent user experience, Myria has developed its own Wallet Layer 2 and Marketplace NFT platform, providing a comprehensive ecosystem for gamers to explore and interact with.
What is Myria?
As a Web3 gaming publishing platform, Myria has its own Studio team focusing on developing AAA game genres and applying the Play to Earn gaming model. Unlike the usual Play to Earn game where you have to invest capital before participating, Myria’s game products allow players to participate for free (Free to Play). From there, economic rewards can be earned.
With a scalable Web3 Game infrastructure, Myria ensures gamers enjoy a seamless gaming experience with minimal latency. Their vision is to lay the foundation for the development of Gaming Web3 in the age of blockchain technology. Additionally, remove barriers and empower developers and gamers to enrich the ecosystem.
Featured games on Myria
There are currently 161 Games available on Myria’s ecosystem, including games that have not yet been officially launched. These games are mostly published by Myria Studio and 3rd party developers. The games include a variety of genres such as Action, Card Collection, Combat, MMORPG, Moba, Racing, RPG, Survival, shooting , simulation, sports, strategy. There are currently 3 game titles from Myria Studio:
This is an obstacle racing battle game that can be played both on the Web and on both IOS and Android operating systems and is currently still in development. The game is set on a space race track. Gameplay is very simple, the player’s task is to become the first to reach the finish line. In addition, while participating in the race, they need to use skillful reaction skills to overcome obstacles.
After extensive QA testing, including internal testing, Metarush was first released to the community on March 9, 2023 in its first alpha demo.
The game has 2 modes: Single or play with friends. Players can choose the appropriate game mode for themselves to fight and win, thereby receiving rewards. It is unclear whether these rewards are economic rewards or not.
2. Block Royale
This is a AAA shooting game where players will plunge into the battle for survival to gain loot and powerful equipment. During a certain period of time, the map area shrinks, pushing players closer together. The player will win if he is the last survivor. This is a game with gameplay quite similar to PUBG.
Currently, the game is still in the development stage and there is not much information about the official NFT set linked as well as the in-game economy.
3. Metakart
This is also one of Myria Studio’s first games made in the racing genre. However, unlike metarush, this is a regular racing game, there is no need to overcome obstacles. To win, players need to overcome turns using personal Drift skills. The racing scene is also shaped differently. In general, the games that Myria Studio builds are simple, creating the most accessible experience for players.
4. Zone Nine Survival
This is a game not from Myria Studio but from Vietnam’s QBA Studio in the 3D MMORPG genre of triple-A shooting survival adventure set in a post-apocalyptic world. The game has PvE mode to fight zombies, explore the world, hunt bosses and complete missions and 1v1, 2v2, 5v5, Battle Royale fighting puzzles. Along with that are ranking matches in team guilds.
Players will make money through trading with other players through finding resources or items in the Game in the form of NFTs such as weapons. These items all have great effects in battle and are available on Myria’s MARKETPLACE.
In addition, users can receive Z9C governance tokens with the Staking use case, and receive revenue sharing from the project including transaction fees on the platform. Everyone can refer to the trailer video from the Studio team to better understand this game.
5. Mr 360 Cricket
This is a Mobile Baseball Game integrating NFT integration on Blockchain released by AB de Villiers – Famous baseball player with more than 39 million followers on social networks. He is from South Africa and is considered the GOAT of his generation and was honored by the IPL as the greatest baseball player of all time. Currently, the new game is in development and there is not much information about both the gameplay and the economic model.
Highlights of Myria
Competitive points that help Myria become a formidable competitor in the industry include:
- Advanced technology, suitable for trends: With the integration of StarkWare ZK-Rollup technology, Myria boosts the speed and efficiency of transactions in the Gaming Web3 ecosystem. From there, attracting developers, laying the foundation for sustainability.
- Generate revenue: Having your own NFT Marketplace means that transaction fees will be used by the project team to maintain and develop the long-term ecosystem.
- Develop a variety of game titles: With a focus on player experience, they have developed many different game genres suitable for each class of players with different experiences.
- Myriaverse: The three titles they are building tend to be set in a virtual world in which players can interact with each other and use certain types of linked assets (They are not yet available). mentioned many).
- Decentralization: There are support tools for developers or users who want to participate in the network to run nodes and receive MYRIA Tokens.
Development Roadmap
Currently all the routes have been completed. In the near future, the project may focus on developing more new games in the ecosystem
Investor
- On April 1, 2022, the project raised 600,000 USD from the Funding round with investment from Metavest Capital and MVST:MG funds.
- On April 6, 2023, the project raised 40,000 USD through IEO of the Gate.io Starup platform with 20,000,000 tokens sold.
Core Team
According to information on the Website, Myria’s team are leading veterans in the Game industry with more than 150 members from Ubisoft, Activision, Marvel, Riot Game, Gameloft, Epic Game, GoldmanSachs, Tencent. However, they did not provide accurate information that all members had worked there.
According to information compiled by Weakhand, most of the members are from Vietnam with many members being very young. However, our country also has many talented people in their twenties, typically the team of the GameFi market leader in 2021 – Axie Infinity.
The core member is Mr. Andrew Silber, the CTO and Founder of the project.
- He is fluent in three languages: French, German and Vietnamese and studied at Yale University.
- He spent 27 years developing professional video game technology at some of the best-known names in the industry, including Activision, Electronic Arts, 2K, Ubisoft, Sony and Midway.
- At Myria, he assumed the position of CTO responsible for all technology.
Tokenomics
Basic information about MYRIA token
- Token name: Myria
- Ticker: MYRIA
- Blockchain: Ethereum
- Standard: ERC-20
- Total Supply: 50,000,000,000 MYRIA
- Contract: 0xa0ef786bf476fe0810408caba05e536ac800ff86
Token Allocation
MYRIA’s total supply is distributed as follows:
- Ecosystem Fund: 40%
- TGE & Liquidity: 3%
- Project Development: 19%
- Strategic: 2%
- Node Emissions: 36%
Token Release
Token Use Cases
- Participate in DAO governance, proposals, and voting.
- Staking and receive Staking Rewards.
- Pay platform transaction fees.
- Node Myria running reward, to run Node Myria you need to pay the MYRIA token fee first.
- Buy exclusive NFTs from the platform.
Exchanges
Currently MYRIA tokens are available on most exchanges such as: OKX, Kucoin, MEXC, Bybit…
Myria’s Information Channel
- Website: https://myria.com/
- Twitter: https://twitter.com/myria
- Discord:
Summary
Myria is a Web3 gaming platform using ZK-Rollup technology with many useful features. Compared to Immutable Furthermore, considering the backer team or financial potential, this is a weakness of Myria. However, GameFi is still an industry with a lot of potential to exploit. This will still be a project worth keeping an eye on. Hopefully through this article, everyone can understand what Myria is.
