Mythical Games is Building an Ethereum-Compatible Chain in Anticipation of the Merge

John Linden, the CEO of Mythical Games, has revealed that his company is testing an EVM-compatible chain in light of Ethereum's impending switch to PoS.

Sep 4, 2022
by Akira Ming
Mythical Games is Building an Ethereum-Compatible Chain in Anticipation of the Merge
News

Mythical Games is testing an Ethereum-compatible chain 

John Linden, the CEO of Mythical Games, said his company is building an EVM-compatible chain in anticipation of Ethereum's switch to proof-of-stake (PoS). He told CoinDesk that this would depend on whether the Merge, a software upgrade scheduled for Ethereum this month, turns out as planned. 

Ethereum will transition to the proof-of-stake (PoS) model after completing the Merge. Thus, ending its long-time proof-of-work (PoW) consensus mechanism. This will help the network reduce processing times, lower transaction fees, and scale better in the future. 

According to Linden, the team has been building the Ethereum-compatible chain over the past few years. But it wasn't possible for them to launch the EVM chain given the "massive gas fees" on Ethereum. It's also hard to validate "big external fees" for users, especially on a $10 video game item available in many of Mythical's games.

As of now, the company is using its own Mythical Chain, a fork out of the EOS.IO blockchain protocol. "We added our own level of EVM compatibility over the top. [Then] added bridges back to Ethereum," Linden explained. 

Apparently, Mythical Games is interested in working with EVM chains again after the Merge. "As EVM's caught up to proof-of-stake, we've been leaning heavier into that tech stack," Linden said. When asked whether the company is moving into Ethereum, Linden gave no clear answer. Instead, he said the team sees "some efficiencies [in] having a true kind of EVM chain behind the scenes."

Being one of the OG blockchain gaming firms in the space, Mythical Games has two famous NFT titles under its portfolio: NFL Rivals and Blankos Block Party. It's unclear whether the company will run any games on Ethereum in time. Other Web3 entities though, such as OpenSea, LooksRare, Circle, and Chainlink, have voiced their support for ETH PoS. 

Disclaimer: The information provided on this page do not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Individuals should do their own research before taking any actions related to the product they read about and carry full responsibility for their decisions.
We have sent you an email, please confirm!


News Filter
Play Games Now
Galaxy Fight Club
Galaxy Fight Club
illuvium
illuvium
Gods Unchained
Gods Unchained