Mythical Games (N/A)

Mythical Games is a Web3 game technology studio on Polkadot that focuses on developing solutions to accelerate the blockchain gaming industry. It provides developers with a comprehensive set of tools to integrate the crypto economy into existing games and build them from scratch using the Mythical Games blockchain gaming platform. 

It consists of a few main components, which playing a vital role in powering the Mythical ecosystem's economy:

• Intelligence Suite: The protocol offers gaming developers a set of designs and concepts for creating an effective crypto economy and enabling secure and easy digital asset transactions;
• Mythical Games NFT Marketplace: The economic heart of the Mythical ecosystem. It manages NFT trading, purchasing, and adding them to users' blockchain inventories while being seamlessly integrated into any ecosystem games;
• Mythical Chain: A PoA (Proof of Authority) blockchain network responsible for securing, transferring, and selling assets across many public blockchains;
• Game Services: The platform offers blockchain game developers multiple solutions, including player data storage & identity, authentication, inventory management, analytics, and many other white-labeled solutions to help partners bring their games on-chain quicker and more efficiently.

Its Web3 ecosystem already comprises NFT Rivals, Blankos, and three more games that will be released soon on the Mythical Games Polkadot platform, totaling 5 blockchain games.

🪙 Mythical Games token: At the moment, the team has not disclosed any info about the potential release of its token. But if it is released, the most likely utility of the token would be enabling decentralized voting within Mythical Games. Considering the protocol's maturity, the announcement about the token release and airdrop could occur anytime.

Furthermore, it runs an active quest campaign on “Mythical Forest” with a prize pool of over 2M $MYTH, totaling $400K worth of rewards. However, it is important to note that this is not Mythical Games' crypto but a utility token of the Mythos Foundation platform, a product backed by Mythical Games.

This is why the project's valuation (FDV $195M) is much lower than it should be for a protocol that has raised over $297M. Still, it is a great opportunity to get involved with the Mythical Games ecosystem and earn additional rewards in the form of $MYTH tokens.

Considering the big attention among the crypto community to the project and this quest campaign, our team diligently analyzed Mythical Games and found some key pros and cons of the project. Consider them when engaging with the platform and aiming for a retrodrop:

✅ Mythical games pros:

• Good design and concept of the product;
• Above the average SMM, Marketing Infrastructure, and PR scores;
• Strong network of top tier funds including a16z, Galaxy, Binance Labs, and more, collectively raised over $297M;
• Diverse network of partners and ecosystem members;
• One of the C-levels of the team has work experience in Meta while the Mythical Games’ founder previously worked as Studio Head in Acquisition (Call of Duty) and Blizzard (WoW & Hearthstone). 

❌ Mythical games cons:

• The project built on Polkadot, a blockchain that is not at the peak of its popularity;
• Same goes for the blockchain gaming industry, current market trends don’t comply with web3 gaming;
• No tokenomics;
• No roadmap;
• Below the average Growth marketing, Influencer marketing and SEO performances;
• No security audits of the platform available publicly.