Mythical Games Launches Mythos Foundation to Democratize Web3 Gaming

Backed by Animoca Brands, Polygon, FaZe Clan, and more, Mythos Foundation aims to decentralize Web3 gaming while reducing the entry barriers for gamers and developers looking to enter the space.

Oct 7, 2022
by Akira Ming
Mythical Games Launches Mythos Foundation to Democratize Web3 Gaming
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Mythical Games is changing the game with the launch of the Mythos Foundation

Gaming technology company Mythical Games has launched Mythos Foundation to onboard gamers and developers into its Web3 gaming ecosystem while, at the same time, empowering its community to help shape the future of the Mythos landscape. 

The new foundation has revealed a group of advisors from across the blockchain, gaming, and entertainment industries. These include Animoca Brands Chairman Yat Siu, Polygon Studios President Ryan Wyatt, 100 Thieves Chief Product Officer Pete Hawley, One Republic singer Ryan Tedder (yes, you've heard that right), and more. 

Accordingly, the Mythos foundation will focus on five key areas of development, namely cross-chain infrastructure and NFT transport, the evolution of NFTs and game economies, support for gaming guilds, traditional esports participation in Web3, and collaboration with mainstream gaming platforms to craft new policies for gamers.

Besides that, it will also manage the operations of Mythos DAO - a decentralized autonomous organization powered by Mythos token (MYTH). Mythical Games will be the first to adopt MYTH as its native utility token on the Mythical Chain and as a primary token on the Mythical Marketplace. 

How will the company decentralize its gaming platform then? According to the creator of Blankos Block Party, Mythos DAO will be divided into three subcommittees focused on game development, eSports and guilds, and Web3 and metaverse infrastructures. 

Each subcommittee will be taken care of by selected ecosystem partners. For instance, Krafton and Ubisoft will contribute to gaming developments, while FaZe Clan and YGG will spearhead eSports' growth. Upon being elected through the Mythos DAO by MYTH token holders, the appointed partner will serve a one-year term on one of the three subcommittees listed. 

"Mythical has always been a gamer-first platform, and today's announcement signals our commitment to ensuring our community has increased ownership over their gaming experience," said John Linden, CEO of Mythical Games. 

"MYTH token holders will be the driving force as we, in collaboration with the Mythos Foundation and other industry partners, continue to revolutionize and democratize gaming in order to give everyone a seat at the table."

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