Myria (MYRIA)

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Use Cases of Myria

• NFTs and Blockchain Gaming: Myria is an Ethereum Layer 2 scaling solution designed to make NFTs and blockchain games faster and cheaper. It offers instant trade confirmation and zero gas fees when minting or trading NFTs.

• Tokenization: Developers can create, manage, and interact with tokenized assets easily on Myria using its tokenization rules engine and domain-specific language (DSL).

• Marketplace and Wallet: Myria provides an in-browser wallet for users to buy, sell, and hold digital assets with full custody. It also supports an NFT marketplace where users can list and trade NFTs using MYRIA tokens.

• Scalability and Security: Built with StarkWare’s zero-knowledge rollup technology, Myria bundles many transactions into one, improving speed and reducing costs while keeping Ethereum-level security.

• Developer Friendly: Any developer familiar with REST APIs can build on Myria, enabling flexible and customizable blockchain applications, especially for gaming and NFTs.

In summary, Myria focuses on scaling and improving the experience of NFTs and blockchain gaming on Ethereum by providing fast, low-cost, and secure transactions along with tools for developers and users.

Pros

• Myria is an Ethereum Layer 2 scaling solution designed to improve blockchain gaming and NFT experiences by offering faster transactions and zero gas fees for minting and trading NFTs.
• It uses Ethereum’s secure consensus protocol, ensuring strong security while increasing speed and lowering costs.
• Myria provides developer-friendly tools like APIs, SDKs, and a domain-specific language that simplify creating and managing smart contracts without deep blockchain knowledge.
• The ecosystem supports a “play-and-earn” model, allowing gamers to access games freely and earn rewards.
• It has growing market activity with multiple exchange listings and increasing trading volumes.
• Myria’s marketplace allows easy launching, buying, and selling of NFT collections.

Cons

• The token price has experienced significant volatility and a large drop from its all-time high.
• Market capitalization and dominance are relatively small compared to major cryptocurrencies.
• As a newer Layer 2 solution, it faces competition from other scaling platforms and blockchain gaming projects.
• The ecosystem and adoption are still developing, which may limit immediate use cases and liquidity.

For more details, visit myria.com.

Founders of Myria

The founders of Myria are Brendan Duhamel, Andrew Silber, and Ivan Fortunov. Brendan Duhamel is a co-founder, Andrew Silber serves as co-founder and CTO, and Ivan Fortunov is the Game Design Director.

Investors in Myria

Myria has raised funding from multiple investors. Some of the known institutional investors include:

• Metavest Capital
• Lavender Capital
• Simurg Labs
• Artemis Capital
• Aussie Capital
• NGC
• Tiny
• Kosmos Ventures

These investors have supported Myria through various funding rounds to help develop its blockchain gaming ecosystem and Ethereum Layer 2 scaling solution.

Halal Status of Myria

• Yes, Myria is considered halal according to available Shariah analysis sources.
• It is an Ethereum Layer 2 scaling solution focused on NFTs and blockchain gaming, using technology that does not involve interest (riba) or prohibited activities under Islamic finance principles.
• However, final personal decisions should consider individual scholarly advice and specific interpretations of Shariah compliance.