Overview
The Mythos Foundation is a decentralized organization focused on democratizing Web3 gaming. It aims to create a unified ecosystem that empowers game developers, publishers, and content creators to actively participate in the blockchain gaming industry. By utilizing a decentralized autonomous organization (DAO) model, the Foundation prioritizes inclusivity, efficiency, and interoperability within its ecosystem.
Mythos Chain
The Mythos Chain is a dedicated blockchain infrastructure built on the Polkadot network. Designed to optimize performance for gaming applications, it ensures scalability, low transaction fees, and interoperability. These features enable seamless integration between various gaming platforms and decentralized marketplaces, facilitating a secure environment for game-related transactions.
MYTH Token
The MYTH token serves as the native utility token within the Mythos ecosystem. It enables holders to participate in DAO governance, vote on proposals, and influence the direction of ecosystem development.
The token distribution is structured as follows:
- 35% allocated to the Mythos Foundation (immediately unlocked).
- 34% reserved for launch partners, subject to a three-year vesting period.
- 16% designated for Mythical employees and advisors, with a three-year vesting schedule.
- 15% allocated to the Game Fund, with similar vesting conditions.
The total supply of MYTH tokens is fixed at 1 billion, ensuring transparent and predictable tokenomics for all participants.
Governance
The Mythos DAO allows MYTH token holders to actively participate in the governance of the ecosystem. Through a decentralized voting process, stakeholders can propose and approve initiatives, ensuring that the direction of the ecosystem aligns with the collective interests of the community.
Partnerships and Subcommittees
To foster a robust gaming ecosystem, the Mythos Foundation has established three subcommittees, each focusing on key areas of growth:
- Supporting game developers in transitioning to Web3.
- Integrating blockchain technology into metaverse applications.
- Enhancing esports capabilities and collaborations.
The Foundation has partnered with prominent industry players, including Ubisoft, MARBLEX, Kakao Games, Animoca Brands, and FaZe Clan. These partnerships facilitate policy development, collaboration with traditional gaming entities, and the growth of blockchain gaming guilds.
Advisory Board
The Foundation’s advisory board comprises industry leaders across gaming, Web3, sports, and entertainment sectors. Advisors provide strategic guidance to ensure the ecosystem’s sustainability and growth. Notable members include:
- Rehito Hatoyama (former COO of Sanrio).
- Pete Hawley (Chief Product Officer at 100 Thieves).
- Ryan Tedder (OneRepublic) and Alex Pall (The Chainsmokers).
- Lesley Silverman (Head of Web3 at UTA).
This diverse board offers insights into technological advancements, community engagement strategies, and content monetization.
Recent Initiatives
In 2024, the Foundation launched several initiatives aimed at expanding its ecosystem:
- Mythical Forest Campaign: This community-driven event involved tasks and quests where participants earned crystals that could be exchanged for NFTs and MYTH tokens. The campaign had a total prize pool of 2 million MYTH tokens.
- MYTH Token Airdrop: The Foundation collaborated with the Polkadot community to airdrop 10 million MYTH tokens to over 450,000 wallets, marking a significant integration milestone between the two ecosystems.
