- Mythical Games ditched the top smart contract ecosystem, Ethereum, for Polkadot due to its decentralized and interoperable multichain nature.
- Founded in 2018, the Mythical Games features an array of immersive games including its flagship Blankos Block Party on the Epic Game Store.
The growth of the Polkadot (DOT) ecosystem has secured top decentralized financial (DeFi) ecosystem developers in the recent past. According to a recent report, the Polkadot ecosystem ranked the top among top blockchains by weekly development activity. Interestingly, the Polkadot network developers outperformed Ethereum, Cardano, Arbitrum, and Cosmos, among others. Moreover, Polkadot provides a secure multi-chain communication channel for existing blockchains to ensure scalable Web3 development.
As a result, the DOT price has edged more than 30 percent higher YTD to trade around $5.706 on Tuesday. Polkadot network has significantly benefited from the Kusama testnet to ensure only the battle-tested protocols go to the mainnet for parachain auctions.
Exciting news for the Polkadot community!
According to recent data, @Polkadot ranks #1 among top blockchains by weekly development activity.
This shows the dedication of the team and developers toward enhancing the ecosystem. #Polkadot #DOT pic.twitter.com/yyqTixoPnA
— Polkadot Insider (@PolkadotInsider) May 1, 2023
Polkadot Meets Mythical Games
As the crypto community ushered in the sell-off in May and the go-away period, the Polkadot ecosystem welcomed a next-generation game technology company dubbed Mythical Games. Notably, the Mythical Games ditched the top smart contract ecosystem, Ethereum, for Polkadot due to its decentralized and interoperable multichain nature.
Founded in 2018, the Mythical Games features an array of immersive games including its flagship Blankos Block Party on Epic Game Store, and the soon-to-be-released on iOS and Google Play dubbed Nitro Nation: World Tour. According to Mark Cachia, Founder and CIO of ScytaleDigital, Polkadot is well capable of delivering the Mythical mission to the next level of user adoption.
John Linden, Founder, and CEO of Mythical Games, said that the decision to leave Ethereum was due to the slow transaction speed despite the emergence of rollup protocols like Polygon MATIC. He noted;
Further, it is critical to be building on a security and governance infrastructure that gets stronger over time with more participation and is fully interoperable with other Mythos ecosystem gaming partners. After discussions with numerous blockchain protocols, it was an easy decision: Polkadot’s commitment to innovation, security, and governance provides the most value for our community,
Similar sentiments were shared by Björn Wagner, CEO of Parity Technologies, a leading contributor to the Polkadot network, who noted that Mythical Games will help Polkadot become a global leader in next-generation gaming protocols.
“We look forward to onboarding additional AAA gaming companies and gamers to the Mythos ecosystem, bringing Polkadot one step closer to becoming the global leader in next-generation gaming,” Wagner noted.
Interestingly, the announcement coincided with the global release of NFL Rivals, the first blockchain game to be licensed by the NFL and developed in partnership with Mythical Games.
1/ 🚨🚨Mythical Games (@playmythical) — the #1 gaming blockchain — and the @nfl are coming to Polkadot! It’s time to move the chains… pic.twitter.com/NGBinLWjxN
— Polkadot (@Polkadot) April 26, 2023
Price Action
The DOT price has been bleeding profusely since the end of 2021’s crypto bull market. Down approximately 90 percent from its ATH, around $55, DOT price has a high return-to-risk ratio based on its network development compared to most blockchain projects.
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