What is Myria? All You Need to Know About MYRIA

Myria (MYRIA) is a Layer 2 blockchain platform focused on gaming and NFTs, offering scalability and efficiency on the Ethereum network.

The gaming landscape is undergoing a revolutionary shift with the emergence of play-to-earn games, fueled by the advancements in Web 3.0. This trend reflects a growing integration of blockchain technology, transforming traditional gaming into a more interactive and rewarding experience. Players can now earn real value through gameplay, reshaping the economic dynamics of the gaming industry. Amidst this evolving ecosystem, Myria (MYRIA) stands out as a significant player, offering a unique platform that leverages these trends, promising a new era of gaming experiences.

What is Myria (MYRIA)?

Myria, founded a few years ago by a team of enthusiastic gaming and blockchain experts, including Andrew Silber, a veteran with 27 years at companies like Activision and Ubisoft, and Brendan Duhamel, a cryptocurrency specialist, represents a significant evolution in blockchain gaming. Myria Studios, its AAA game development arm, is central to this evolution, adopting a unique “play-and-earn” model that allows free access to games, contrasting the typical play-to-earn approach.

Launched in August 2022, Myria quickly established itself as a key player in the blockchain space. Its advanced Layer 2 solution is tailored for NFTs and blockchain gaming, offering scalability and efficiency. In a short time, Myria formed over 250 partnerships and minted over 500,000 NFTs, showcasing rapid growth and acceptance in the gaming community.

Myria’s mission goes beyond gaming. It aims to revolutionize digital asset ownership and gaming experiences, embodying a community-driven approach to reshape the future of gaming in line with Web 3.0 trends. This vision has positioned Myria as a pivotal force in the new era of blockchain gaming, leveraging its technology to create an unparalleled gaming hub and metaverse.

How Does Myria Work? Layer Two Scaling Solution and Developer SDKs

Myria L2 stands as a pioneering Layer Two (L2) scaling solution specifically designed for the burgeoning blockchain gaming industry and NFT applications on the Ethereum network. At its core, Myria is a staunch advocate for maintaining Ethereum’s security and decentralization while simultaneously addressing the critical need for scalability in gaming and NFT use cases. This Ethereum-anchored L2 solution strategically balances the demands for high performance and decentralized security without compromise, a feat previously deemed challenging.

Central to Myria’s breakthrough approach is the integration of ZK-rollup scaling technology. By leveraging StarkWare’s advanced ZK-rollup solution, Myria skillfully combines NFT-specific proof logic to establish one of the most progressive NFT trading protocols. Utilizing ZK-STARKs (zero-knowledge scalable transparent arguments of knowledge), Myria efficiently batches hundreds of transactions into a single proof. This method not only ensures the integrity and privacy of computations on blockchains but also significantly enhances transaction speeds and reduces costs. With the ability to execute over 9,000 transactions per second without incurring gas fees, Myria positions itself as a highly attractive platform for Web3 gaming projects seeking speed, security, and decentralization.

In addition to its impressive scaling solution, Myria’s commitment to developer accessibility is evident. Its suite of developer tools – encompassing APIs, SDKs, and a Domain Specific Language (DSL) – is designed to simplify the complexity of interacting with zero-knowledge compatible smart contracts. These tools allow developers to focus on creativity without the need for deep blockchain knowledge. Myria’s tokenization rules engine and DSL facilitate customization of asset characteristics, enabling developers to tailor blockchain interactions to specific gaming needs without overwhelming novice users.

This innovative combination of robust Layer Two scaling and developer-friendly tools enhances Myria’s capability as a Web3 gaming ecosystem and sets the stage for the next section of our exploration: the versatile and comprehensive Developer SDKs. With these tools, Myria is redefining the landscape of blockchain gaming, providing a seamless bridge between traditional gaming experiences and the new possibilities offered by blockchain technology.

Source: docs.myria.com

Developer SDKs

Myria’s Developer SDKs serve as a cornerstone in its Web3 integration strategy, providing a seamless and comprehensive toolkit for game and app developers. These SDKs encapsulate the essence of Myria’s vision: to enable creators to build without limits and launch their projects swiftly, harnessing the power of Myria’s Layer 2 scaling solution. This approach not only ensures lightning-fast, gas-free transactions but also upholds the high-security standards of Ethereum’s Layer 1.

The Myria Core SDK is a multifaceted suite with modules for Developer Accounts, Projects, Collections, Minting, and Onchain Assets. Collectively, these modules facilitate a wide range of functionalities, from representing developer identities and managing assets on the Myria chain to supporting ERC721 standard assets, with future expansions to include ERC20 tokens. This SDK simplifies the process of launching NFT collections and associated tokens, enabling gasless asset minting, burning, and transferring on Myria’s L2 network.

Complementing the Core SDK, Myria’s high-level Platform SDKs provide plugins and tools compatible with major engines like Unity, Unreal, and HTML5. This SDK offers an intuitive interface for developers to effortlessly integrate their creations with the Myria gaming ecosystem. Features such as character and item interoperability, authentication, and inventory management are designed to enrich the gaming and social experience.

For those seeking deeper customization, the MyriaCore SDK (spanning languages like Javascript, Python, C#, and C++) allows developers to design their own on-chain asset structure and behaviors, bypassing the complexities of smart contract creation and deployment.

In conclusion, Myria’s Developer SDKs represent a revolutionary step in bridging traditional gaming with blockchain technology. By offering an array of tools for seamless integration and creative freedom, Myria is not just facilitating the development of blockchain-based games but is actively shaping the future landscape of gaming in the Web3 era.

Source: myria.com

Myria Use Cases

Myria, leveraging its advanced Layer 2 blockchain technology, offers diverse use cases, significantly impacting the Web3 space:

• Gaming Development: Myria empowers developers to create intricate blockchain games with high performance and scalability. It supports various gaming engines and enables seamless integration of in-game assets as NFTs, offering a rich gaming experience.
• NFT Marketplaces: Facilitates the creation and operation of NFT marketplaces, providing fast, secure, and gas-free transactions. Myria’s technology ensures that these platforms can handle high-volume trading with efficiency.
• Digital Asset Management: Enables users and developers to easily mint, manage, and trade digital assets like in-game items, digital art, and collectibles. Myria’s platform simplifies these processes while ensuring security and transparency.
• Cross-Platform Interoperability: Supports interoperability across different platforms, allowing assets and data to be seamlessly transferred and utilized across various blockchain-based applications and games.
• Developer Tool Integration: Offers a comprehensive suite of developer tools, including SDKs and APIs, for easy integration of blockchain technology into gaming and other digital applications, reducing the technical barrier for developers.

In conclusion, Myria presents itself as a versatile and powerful solution in the blockchain domain, especially for gaming and NFTs. Its ability to provide high-speed, secure transactions and its robust support for developers makes it an attractive platform for a wide range of Web3 applications. As blockchain technology continues to evolve, Myria is well-positioned to play a crucial role in shaping the future of decentralized gaming and digital asset management.

What is the MYRIA Coin?

MYRIA is the digital currency for the Myria blockchain gaming and NFT ecosystem. Its maximum supply is capped at 50 billion units, of which 100% is already circulating (February 2024).

The MYRIA token is a central component of the Myria ecosystem, functioning as an ERC-20 utility token with a diverse range of applications. It forms the backbone of transactions on Myria’s Layer 2 scaling protocol, offering additional utilities in selected game titles. The tokenomics of MYRIA are strategically designed to support and grow the ecosystem, with distribution among players, node operators, and other participants fostering a thriving circular economy.

Key use cases of the MYRIA token include:

• Protocol Fees: Transaction fees on the Myria network are partially paid using MYRIA tokens, creating a consistent demand for the token. This mechanism ensures MYRIA’s integral role in every transaction, reinforcing its value within the ecosystem.
• Node Acquisition: Exclusive to purchasing Myria Nodes, MYRIA tokens are vital for participating in the network’s infrastructure. Owning nodes not only supports the network’s health but also offers potential rewards and incentives to the node operators.
• Staking: With the future introduction of staking, MYRIA token holders will have the opportunity to earn rewards. This feature aims to encourage long-term holding, increasing token stability and user engagement within the Myria ecosystem.
• Governance: Token holders wield governance rights, influencing key decisions and the strategic direction of Myria. This participatory approach fosters a community-driven ecosystem, where MYRIA owners actively shape the platform’s evolution and policies.
• Exclusive NFT Access: MYRIA tokens grant access to unique NFTs, especially from Myria Studios, adding an exclusive layer to the token’s utility. This feature not only enhances the value of MYRIA but also enriches the NFT marketplace experience.
• In-Game Utilities: MYRIA tokens offer additional functionalities and benefits in selected Web3 games. This integration elevates the gaming experience, providing players with unique advantages and rewards, further bridging the gap between traditional gaming and blockchain technology.

Myria’s supply schedule delineates the token allocation: Ecosystem Fund at 40%, Node Emissions at 36%, Project Development at 19%, with a lock of 6 months and vesting over 48 months, TGE & Liquidity Provision, and Strategic Reserve both immediately unlocked at 3% and 2%, respectively.

MYRIA’s design as an ERC-20 token ensures its compatibility and security within the Ethereum ecosystem. Its audit by Hacken further underscores its reliability. With its allocation spread across ecosystem development, node rewards, and liquidity provision, MYRIA is poised to support a dynamic and growing blockchain gaming environment. The token’s multifaceted utility not only incentivizes participation within the Myria ecosystem but also enhances the gaming experience, bridging the gap between traditional gaming and blockchain technology.

Source: myria.com

Myria Ecosystem

The Myria ecosystem represents a groundbreaking fusion of Web3 gaming and blockchain technology, offering a plethora of features that cater to a diverse array of users including gamers, developers, and crypto enthusiasts. Each component of this ecosystem synergizes to create a comprehensive and user-friendly experience.

Myria Wallet & Marketplace

At the heart of the ecosystem lies the Myria Wallet. This in-browser wallet simplifies the management of digital assets like tokens and NFTs, enabling easy interactions within the Myria Marketplace and gaming ecosystem. Designed for intuitive use, it’s compatible with Ethereum-based interfaces like Metamask, making it accessible to a broad user base. The Myria Marketplace, integrated within the wallet, allows for the trading of NFTs from Myria Studios and other creators, with a strict verification protocol to ensure the authenticity and integrity of assets.

Myria Nodes

The ecosystem is underpinned by Myria Nodes, which are limited to 40,000. These nodes are essential for maintaining the decentralized and secure nature of the Myria Layer 2 network. Node operators are vital to the ecosystem’s growth and are rewarded with MYRIA distributions, incentivizing their active participation.

Developer Portal

Myria also features a Developer Portal, a vital tool for game creators. It offers SDKs and APIs for seamless integration into the Myria blockchain, along with funding opportunities for blockchain gaming projects. This portal is a testament to Myria’s commitment to fostering innovation and diversity in gaming content.

Myria Studios

Myria Studios, as Myria’s in-house game development arm, distinguishes itself by specializing in creating interconnected, free-to-play games. These games are not just standalone experiences but part of a broader, unified gaming universe that Myria Studios meticulously develops. With a focus on crafting rich storylines and detailed character development, Myria Studios offers an immersive gaming experience.

Among the titles developed by Myria Studios, here are a few notable examples:

• Metarush: A charming Web3 Multiplayer Platformer built on the Myria Blockchain. It features competitive elimination rounds, where players race and survive in dynamic environments using various power-ups to outplay opponents. Players can earn or buy a range of NFTs, from common to celestial, to enhance their gaming experience.
• Crystals of Fate: This is a play-and-earn NFT collectible card game (CCG) compatible with both Web2 and Web3 platforms. It offers engaging, simultaneous gameplay where players can buy, sell, win, or earn digital assets.
• 360 Cricket: An arcade cricket game that lets players step into the shoes of legendary cricketer AB de Villiers. The game offers a story mode with meticulously designed levels, providing a unique blend of skill, challenge, and excitement.

These titles are just a few examples of the diverse and engaging games developed by Myria Studios. Each game contributes to the expansive Myria ecosystem, offering players unique experiences while maintaining a sense of cohesion and connectivity within the Myria universe. Myria Studios is committed to staying abreast of gaming trends and continually developing new titles to enrich the gaming landscape within the blockchain domain.

In sum, the Myria ecosystem stands as a robust, multifaceted platform that seamlessly melds gaming with blockchain technology. Its commitment to accessibility, innovation, and security positions it as a key player in the evolution of Web3 gaming, appealing to a wide range of users from casual gamers to tech-savvy developers and investors.

Is MYRIA a Good Investment?

The question of whether Myria is a good investment arises as it showcases a substantial array of games on its platform, with more in development. The versatility of the MYRIA token, covering everything from in-game utilities to governance, adds depth to its ecosystem. Myria’s accessible tools for developers encourage innovation, making it a magnet for game creation. However, its ability to differentiate itself in the competitive blockchain market is crucial. While Myria demonstrates promise and growth, its long-term success and viability as an investment hinge on its market performance and technological advancements. The future of Myria, in a rapidly evolving industry, is yet to be determined.

How to Own MYRIA?

To own MYRIA, you can use the services of a centralized crypto exchange. Start by creating a Gate.io account, and get it verified and funded. Then you are ready to go through the steps to buy MYRIA.

News on Myria

According to what was reported in Myria’s official Medium channel, dated January 18, 2024, Haven’s Compass, a tactical FPS developed by Fares Abu-Taleb’s team, is now leveraging Myria’s Layer 2 solution for its launch. This partnership signifies a strategic move, enhancing the game’s scalability and security. Abu-Taleb expressed enthusiasm for the future, with a 5-year roadmap to integrate the Compass Ecosystem Games with Myria, highlighting the ecosystem’s potential for gaming. Haven’s Compass aims to revolutionize gaming with skill-based gameplay, customizable arsenals, and true asset ownership, reflecting a bright future for blockchain in gaming.

Take Action on MYRIA

Check out MYRIA price today and start trading your favorite currency pairs.

• MYRIA/USDT