Read ALL About MYRIA in one Article

Origin and Development of MYRIA

Myria was born out of a deep insight into the limitations of traditional gaming models and a keen perception of the potential of Web3 technology. With the development of blockchain technology, its application in the gaming field has gradually attracted attention. The Myria team saw an opportunity to solve problems such as game asset ownership and player rights through blockchain technology.

Image source:https://myria.com/about-us/

Behind Myria is a strong team that is the core driving force of the project’s development. Brendan Duhamel is one of the co-founders, with rich industry experience and sharp market insight. Andrew Silber, as co-founder and CTO, bears the dual responsibility of technology development and team management. He has profound expertise in blockchain and game development technologies, leading the tech team to overcome numerous technical challenges and ensuring the stability and reliability of Myria’s Web3 game solutions, thus providing solid support for the project’s technical innovation and product iteration. Ivan Fortunov is the game design director, focusing on gameplay and design.

Image source:https://myria.com/about-us/

In the early stages of the project, the Myria team focused on the initial development of technology and game content. With its independently developed Web3 game solution, Myria Studios has started creating innovative game content, taking a solid first step in exploring the integration of games and blockchain.

With the continuous maturity of technology and the gradual improvement of game content, MYRIA actively expands its ecosystem. On the one hand, it will transform the experience accumulated in the game development process into practical tools, share them with community members, and enhance the creative ability and gaming experience of the entire community; on the other hand, it vigorously develops the community, attracting a large number of players and creators to join, continuously expanding the community’s scale, and increasing its activity.

At this stage, Myria has achieved significant results, and MYRIA Token is officially launched, marking a major milestone in the project’s economic system construction and laying the foundation for building a complete Web3 gaming ecosystem. At the same time, Myria has also launched the Myria Nodes program, encouraging community members to participate in network construction and providing corresponding rewards, further enhancing community cohesion and the project’s sustainable development capability.

Image source:https://x.com/myria

MYRIA Tokenomics

MYRIA token is the native utility token of the Myria ecosystem, following the ERC-20 standard and operating on the Ethereum chain. The total supply is set at 50 billion, providing a stable foundation for the long-term development and ecological construction of the project.

The distribution mechanism of MYRIA is designed to promote the comprehensive development of the ecosystem, involving multiple key aspects such as ecosystem construction, node operation, project advancement, market circulation, and strategic reserves:

(1) Ecosystem Fund (40%): This part of the tokens is mainly used to incentivize ecosystem builders and contributors. It is locked for 36 months and then gradually released. This allocation plan helps attract developers, creators, etc. to participate in the construction of the MYRIA ecosystem, such as developing new games, creating NFT artworks, etc., providing sustained motivation for the long-term development of the ecosystem.

(2) Node Emissions (36%): Used to reward Myria node operators. Nodes play a crucial role in the Myria protocol infrastructure and security, and node operators obtain MYRIA token rewards by ensuring network security, assisting ecosystem governance, and operating in a decentralized manner. These tokens are distributed daily according to a halving schedule, which encourages node operators to provide services to the ecosystem in a stable and long-term manner. Over time, the newly issued token quantity will gradually decrease, ensuring the scarcity and stability of the token’s value.

(3) Project Development (19%): This portion of the tokens is used to support the continuous development of MYRIA project. It will be gradually released over 48 months after a 6-month lock-up period. The purpose is to ensure that the project team has sufficient resources for technical research and development, game content updates, platform optimization, etc., to continuously improve the quality and competitiveness of the MYRIA ecosystem and meet the growing needs of users.

(4) Initial Token Generation (TGE) and Liquidity Provision (3%): This portion of tokens is immediately unlocked in the initial stage, mainly used to provide initial liquidity in the market, support the trading activities of MYRIA tokens, ensure the smooth circulation of tokens in the market after going online, and promote their value discovery and market acceptance.

(5) Strategic Reserve (2%): Also immediately unlocked, the strategic reserve token provides a fund reserve for the Myria project to deal with emergencies or strategic investments.

Image source:https://myria.com/token/

The MYRIA token is widely used in the Web3 gaming ecosystem built by Myria, deeply integrated with various activities within the ecosystem, creating diverse value for players, developers, node operators, and other roles. Its application scenarios include the following:

(1) In-game applications: In many high-quality games that collaborate with MYRIA, MYRIA tokens have rich practical functions. It can be used to purchase unique in-game items, enhance player character’s strength, acquire special skills, thereby enhancing the gaming experience and competitiveness; it can also unlock limited character skins to meet players’ personalized aesthetic needs. In some games, players can even participate in in-game economic activities with MYRIA tokens, such as investing in virtual real estate, engaging in business adventures, etc., to obtain profits and deeply engage in the game’s economic cycle.

(2) Application in the NFT field: Myria Studios has launched an exclusive NFT series collection, which can only be purchased using MYRIA tokens. This not only gives value to the token in the digital art collection field but also motivates players to actively acquire MYRIA tokens to own unique NFTs. At the same time, in the NFT market of the Myria ecosystem, MYRIA tokens serve as the main trading medium, promoting efficient circulation of NFT works. Creators and collectors can conveniently trade with this, driving the prosperous development of the NFT ecosystem.

(3) Node-related applications: The Myria network node is an important infrastructure of the ecosystem, and node operators are responsible for ensuring network security and assisting in the decentralized governance of the ecosystem. Operators need to purchase nodes with MYRIA tokens, and they will receive MYRIA tokens as rewards in the process of fulfilling their duties. This mechanism encourages more participants to engage in node operation, strengthen the network scale, and improve the security and stability of the ecosystem.

(4) Pledge and yield application: Players or investors choose to pledge MYRIA tokens to receive corresponding rewards. The amount and duration of the pledged tokens vary, resulting in different returns. This mechanism provides a way for token holders to increase the value, while encouraging users to hold the tokens for the long term, enhancing the stability of the tokens in the market. In addition, users who pledge MYRIA tokens also gain governance voting rights in the ecosystem, participating in important matters such as game rule formulation, platform development direction decisions, and deeply engaging in ecosystem building.

(5) Paying Transaction Fees: In various transaction scenarios within the Myria ecosystem, such as in-game item trading, NFT buying and selling, MYRIA tokens are used to pay a certain proportion of protocol fees. This ensures the sustainability of the ecosystem’s economic cycle, as the fees generated from transactions can be used for further development and maintenance of the ecosystem, forming a virtuous cycle.

The trading address of MYRIA token on Gate: https://www.Gate.com/trade/MYRIA_USDT

MYRIA Product Experience

1. Myria Wallet: Secure and convenient data asset management

Myria’s self-developed Layer 2 wallet provides users with secure and convenient digital asset storage and management services. In terms of storage, it uses advanced encryption technology to ensure the security of users’ digital assets, avoiding the risk of assets being hacked or lost. Whether it’s MYRIA tokens or various NFT assets obtained within the ecosystem, they can be properly safeguarded.

From the perspective of convenience, the wallet interface is designed to be simple and clear, making it easy for users to get started. When performing common operations such as asset transfers and viewing transaction records, the process is simple and smooth. Even if the user is new to cryptocurrency wallets, they can quickly master it in a short period of time. Moreover, the wallet is closely integrated with other products and services within the Gate ecosystem, allowing users to directly jump to the NFT market for transactions in the wallet without cumbersome switching operations, greatly enhancing the convenience of user operations within the ecosystem and improving the user experience in managing digital assets.

2, NFT Market: The trading hub for digital art and game assets

Myria’s NFT market is a major highlight in its ecosystem. In this market, a diverse range of NFT assets are brought together, including unique in-game items, character skins, digital artworks, and more. For creators, the market provides a broad showcase platform where they can upload their created NFT works, set reasonable prices, and sell them to global users. The platform simplifies the listing process for NFT works, lowers the barrier to creation, and attracts numerous creators to participate.

For collectors and players, this is a treasure trove for finding unique digital assets. During the trading process, due to the Layer 2 technology adopted by MYRIA, NFT transactions can be confirmed instantly without paying gas fees. This feature not only improves transaction efficiency, allowing players to quickly purchase desired NFTs, but also reduces transaction costs, making more users willing to participate in NFT transactions. Meanwhile, the market is equipped with perfect search and filtering functions, allowing users to accurately locate desired NFT assets based on their preferences, price range, artwork type, etc., enhancing transaction accuracy and user experience.

Image source:https://myria.com/marketplace/

3. Myria Studios gaming experience: integration of innovative gameplay and ‘Play-and-Earn’ mode

Myria Studios, as a game development studio under the Myria umbrella, is committed to creating high-quality and innovative gameplay for players. Take Meta Rush for example, it is an obstacle race battle royale game where players need to race through tracks filled with various traps and emerge as the champion. The game features exquisite graphics and a rich variety of scene designs, from mysterious jungle tracks to futuristic urban tracks, providing players with a visually stunning experience. In terms of gameplay design, the game cleverly incorporates various interactive elements, such as allowing players to pick up items to disrupt opponents or use track mechanisms to change the situation, greatly enhancing the game’s fun and competitiveness.

Image source:https://myria.com/games/

Myria Studios’ unique ‘Play - and - Earn’ model has attracted a large number of players. Different from the traditional ‘Play - to - Earn’ model, in Myria’s games, players can participate for free without the need for initial investment to purchase specific digital assets. During the game, players can earn MYRIA tokens or valuable NFT rewards by completing game tasks, achieving specific achievements, or performing well in competitions. This model allows players to accumulate digital assets while enjoying the game, truly combining gaming fun with economic benefits, enhancing players’ engagement and involvement in the game.

4, Myria node: Promoting ecological stability and user participation

Users who purchase MYRIA tokens can obtain Myria node operation rights. Node operators need to ensure network security, participate in ecological governance, and play a role in transaction validation and ecological decision-making. Myria rewards node operators with MYRIA tokens, which not only enhances ecological stability and decentralization but also provides users with a new way to participate in the ecosystem and earn profits.

5. Developers’ Solution: Simplifying Blockchain Development

Myria provides developers with comprehensive development tools including APIs, SDKs, and Domain Specific Languages (DSL) to simplify interaction with zero-knowledge compatible smart contracts, reducing the barrier to entry for blockchain development. With these tools, developers can quickly launch blockchain projects, customize asset features, and help build innovative applications within the Myria ecosystem, promoting ecosystem prosperity without the need for expertise in complex coding languages.

Outlook for the Future

Looking ahead, Myria aims to further expand its ecosystem, promote global adoption of its Web3 gaming model, and foster deeper collaboration across the crypto and gaming industries. It plans to introduce more high-quality games, enhance user engagement tools, improve scalability and transaction speeds through continued Layer 2 optimizations, and expand its node system to enhance decentralization.

In addition, Myria seeks to attract traditional game developers and studios to migrate to Web3 through incentive programs and technology support. It is also exploring cross-chain compatibility to facilitate asset interoperability across multiple blockchain ecosystems, further increasing the value and utility of MYRIA tokens.

With its strong technological foundation, experienced team, and growing community, Myria is poised to become a major player in the Web3 gaming space. Whether you’re a player, developer, or investor, now might be the perfect time to explore what Myria has to offer.