Mythical Games with Ubisoft and Others to Launch Web3 Gaming DAO

Techspace - According to John Linden, CEO of Mythical Games, his company has been accused of "not being Web3 enough." Buckle up, degens, because that is about to change. Mythical Games, a blockchain gaming studio, announced a foundation, DAO, and token on Wednesday, along with 22 partner companies and a handful of high-profile advisors, in an effort to bring decentralization to Web3 gaming.

Game publishers such as Ubisoft, Krafton, Netmarble, Kakao Games, Com2uS, CM Games, and others are among the Mythos Foundation's launch partners. To name a few, the foundation will include esports heavyweights such as FaZe Clan, Gen.G, Sandbox Gaming, and EVOS. Animoca Brands, Klaytyn, Hadean, LINE Blockchain, and Oasys have also joined Web3.

Cited from decrypto.co, LInden has said that there are 5 more companies that have joined, they are just only not ready to reveal those 5 names of the companies.

"There are probably another five companies that have already signed, but we're just not quite ready to announce them yet,". 

According to the announcement, the Mythos Foundation has an impressive initial advisory board, which includes former Sanrio COO Rehito Hatoyama, Animoca Brands Chairman Yat Siu, 100 Thieves' Chief Product Officer Pete Hawley, FaZe Clan's Chief Corporate Alliance Officer Jaci Hays, former Twitter COO Adam Bain, Polygon Studios President Ryan Wyatt, and others.

The electronic music duo The Chainsmokers and Ryan Tedder of OneRepublic have also joined the Mythos Foundation as advisors.

The foundation's role will be to supervise the Mythos DAO, a decentralized community with a new Ethereum ERC-20 token called Mythos (aka MYTH), which should not be confused with the Binance Smart Chain Mythos token. Holders of MYTHs will be able to vote on ecosystem decisions and make proposals.

Picture: Mythical Games

The Mythos Foundation will also have to make decisions on cross-chain issues, NFT standards, esports-related decisions, guild support, and policy changes—moves that are likely to bring some consistency to crypto gaming.

MYTH, in addition to serving as a governance token, will also serve as the primary currency in Mythical Games' NFT marketplace and will be used to secure Mythical blockchain.

"The one thing in the industry right now that we don't really care for is single-game public mainnet tokens," Linden explained, attempting to explain why MYTH will become a multipurpose token.

He hopes the Mythos Foundation and DAO can function as a kind of "Web3 alliance" in the video game industry, according to the Activision and Seismic Games alum. He also hopes that Mythos will "join East and West" in order to provide compatible, streamlined gaming experiences all over the world.

The Mythos Foundation, DAO, and token announcement represent a significant shift for Mythical, which has previously been known as the developer of games such as "Blankos Block Party" and "NFL Rivals."

Mythical Games has been described as "very Web 2.5," according to Linden. "I'm like, 'That's cool.'" 'It feels like we're approaching Web 2.7.' This gradual but steady progress toward Web3 is all part of the plan. For example, it took Mythical nearly a year to get "Blankos" on the Epic Games Store—but they did it. And Linden sees large corporate partners as critical to the success of Web3 gaming.

"I think app stores—whether mobile, PC, or eventually console—are pretty important if you're going to get the game into a mainstream economy," he says. "And I believe that the only way Web3 will be truly valuable in the long run is as a mainstream economy."

How many players will Web3 require to stay in business? Probably more than you think.

"You really need tens of millions of people in these ecosystems to truly have a fulfilling economy in the long run," Linden said.

But it's not just about App Store policies; gamers need more time to get used to Web3. Linden believes they will eventually change their minds.

According to Linden, while gamers "love the functionality" of Web3, "they don't fully care about all the concepts of crypto or blockchain quite yet." And Mythical wants everyone to play its games, not just Web3 fans.

"It's evolution, not revolution," Linden explained.