The gaming industry is currently undergoing a revolution, with decentralized ecosystems taking the centre stage. As it stands, there are several blockchain-based games, some of which have gained massive popularity within the past year. More importantly, the ongoing developments in Non-fungible tokens (NFTs) and the metaverse are proving to be fundamental in building the Web 3.0 gaming ecosystem.
According to DApp Radar’s 2021 crypto market report, blockchain-oriented games accounted for 49% of total unique active wallets. Meanwhile, both traditional and crypto VCs have been taking a keen interest in the space, with some investors allocating billions worth of funding towards NFT innovations and the metaverse. The trend is also catching up with big tech corporations, including Facebook which strategically rebranded to Meta.
Following the growing interest in decentralized gaming, we decided to seek an expert opinion from Myria Games Chief Marketing Officer (CMO), Dave Malcolm. Here is what he had to share about the Myria Games Web 3.0 ecosystem and the future of the gaming industry.
Hi Dave, it’s a pleasure to have this interview with you. Can you briefly introduce Myria and how it is related to the Web 3.0 economy?
Sure. Myria is an Ethereum L2 scaling solution providing an all in one platform for blockchain game players and developers. Myria is a single destination where players can discover, browse, and play a diverse range of blockchain-powered games across all genres. The broad selection of games on offer will include AAA titles created by our internal gaming division, Myria Studios, as well as games created by our partner studios.
All games on Myria will be serviced by Myria’s infrastructure, including our Ethereum L2 scaling solution, crypto wallet, NFT marketplace, and decentralized exchange, for a seamless web 3.0 gaming and trading experience.
Developers can also use the Myria platform as a launchpad to release new games to an already captive audience for rapid exposure. Think of it like a steam or app store type of experience.
In that line, do you think the future of gaming will shift to decentralized ecosystems? If so, how will Myria Games implement a sustainable governance model?
Yeah I definitely think the next phase of evolution in the gaming industry is an inclusive one, where players truly own the in-game assets they buy or earn, and are rewarded for contributing to the growth of these gaming ecosystems.
In regards to a sustainable governance model – we believe the community should have influence over the direction of the Myria ecosystem. Holders of the MYRIA token and node owners will be able to participate in governance decisions of the Myria ecosystem using a decentralized voting structure. They’ll be able to vote on proposals such as allocation of token reserves, addition of games to the ecosystem, changes in token utility, node rewards, prioritization of roadmap initiatives, developer grants, and more.
What are the requirements for players to engage in Myria Games and the Myriaverse? Also, will the ecosystem feature any incentives?
We’re happy to announce that all Myria Studios developed games will be free to play! Meaning you don’t need to buy an expensive NFT just to get started. We want blockchain gaming to be accessible and enjoyed by everyone globally.
Our internally developed games are built with “play-and-earn” mechanics. This means the games are designed with fun gameplay as the number one priority, then enhanced with NFTs and blockchain technology to improve the player experience in terms of asset ownership, earning potential, and utility. Players will earn NFTs as they play and top ranking players on the leaderboard will be awarded with MYRIA tokens. This is a contrast to the typical play-to-earn game which is designed around (often unsustainable) token distribution models and aren’t enjoyable to play long term.
There have been ongoing debates on which chain is the best for NFT development, what attracted Myria Games to build on Myria’s Ethereum Layer-2 solution?
Myria is the first ever Ethereum Layer 2 solution dedicated to gaming. This provides a holistic gaming experience for players and comprehensive solutions for builders. This also means that when players play on Myria, they experience 0 gas fee and 9000+ TPS transaction rate when trading NFTs.
We’re big believers in the Ethereum network and its capabilities. It is unparalleled in its adoption, usage, communities, and development. This is also why we decided to build an Ethereum L2 solution to leverage the security and decentralization of the Ethereum network, while also solving all the scalability issues it has, and tailor our solution for blockchain gaming and NFTs.
Will the Myria blockchain gaming ecosystem be interoperable with other NFT games and marketplaces?
We are always looking for ways to push the blockchain gaming space forward and this is definitely something we are already working on!
Looking into the future, what can the gaming and crypto community expect from Myria?
The biggest blockchain gaming ecosystem in the world! From our Myria Studios perspective, we thrive to bring AAA quality web 3 games to the world. Moreover, with Myria’s offering, developers can plug into our solution and harness our infrastructure with easy-to-use APIs and SDKs to build their games, similar to how Shopify makes it simple for anyone to set up an ecommerce store. This removes the friction of developers onboarding onto the blockchain – they don’t need to learn new coding languages or build their own infrastructure. So expect to see a very diverse and exciting range of games, dApps, and experiences built on the Myria platform.
Conclusion
The gaming industry has been in constant state of evolution since the first arcade video games were launched in the early 1970s. With NFTs and the metaverse now in the picture, this burgeoning sector is in the process of ushering a new age; gaming on virtual worlds and owning in-game items. The insights from Myria Games’ Dave Malcolm show that the shift will likely happen sooner than most stakeholders would have expected.
