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Web3-based Mythical Games Launching New Marketplace

Mythical Games is set to launch Mythical Marketplace 2.0 days after acquiring the DMarket gaming protocol. The Web3-gaming studio revealed in a January 25 update of launching a new product by leveraging the DMarket gaming asset platform. 

Reinforcing Mythical Infrastructure

The Wednesday statement illustrated that DMarket gaming technology would reinforce Mythical infrastructure to enable more users to acquire gameplay assets. Beyond improving the gameplay infrastructure, the Web3 gaming studio anticipates integrating the anti-money laundering standards deployed by DMarket. Additionally, the new product will feature the fraud protection standards extrapolated from DMarket. 

In addition, Mythical revealed plans to prioritize a community-oriented marketplace that safeguards digital ownership. Its accomplishment would differentiate the Mythical Games marketplace from the conventional platforms. 

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Introducing Digital Ownership Economy

Mythical Games chief executive demonstrated that marketplace 2.0 would introduce a digital ownership economy. Its accomplishment is set to facilitate the existing gaming studio scope. In addition, the new market would enable the onboarding of more gamers into the Web3 ecosystem. 

Linden revealed that the primary audience is continually establishing gamers by leveraging the mechanics. He added that while users are playing the games, they are constantly purchasing products within the game. On the other hand, Mythical promised to execute the challenging tasks of lifting within the backend. 

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Linden illustrated that the Ethereum-oriented chain initiated by Mythical in mid-December has by now executed transactions exceeding 2 million. Nonetheless, the web3 gaming studio laments the strangling effects attributed to the prolonged crypto winter and widespread market uncertainty.

Mythical Faces Multiple Challenges

Beyond the market slowdown, Mythical is battling multiple challenges. In November, the studio downsized its headcount by 10%, citing the downtrend in the broader crypto market. Citing the squeeze from the bull market, Mythical expressed interest in restructuring. 

The firm would later announce plans to initiate three former executives who resigned and started Fenix Games using capital purported they had expressed intentions of utilizing towards Mythical. The course of the litigation is unknown. 

Linden was evasive about the details featured within the litigation. Nevertheless, the Mythical official is optimistic that the grievances aired would get an immediate solution for the benefit of employees and investors. 

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Stephen Causby

Stephen Causby is an experienced crypto journalist who writes for Tokenhell. He is passionate for coverage in crypto news, blockchain, DeFi, and NFT.

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