Myria (MYRIA)

Overview

Myria is a blockchain gaming platform built on Ethereum. It gives game studios tools for creating digital items, connecting them to players, and letting people trade them. The platform includes a Layer 2 network, developer software, a wallet, and an NFT marketplace. Its token, MYRIA, is used in parts of this ecosystem, including node licenses and selected game activities. (myria.com)

An NFT is a digital token that can represent a distinct item, such as a game collectible. Moving many such items directly on Ethereum can be costly. Myria’s Layer 2 handles activity outside Ethereum’s main network and then settles batches back to Ethereum. This design is meant to make frequent actions, such as creating or transferring game items, easier to include in everyday play. (myrianet-assets-prod.s3.amazonaws.com)

History & Team

Myria launched its Layer 2 in August 2022 as a platform focused on games and NFTs. StarkWare, the company behind the StarkEx scaling technology Myria uses, also lists Myria as an August 2022 deployment. MYRIA followed in April 2023, when the team announced the token’s launch and opened its public node sale. That sequence put the network and developer tools in place before the token became part of its wider incentive system. (docs.starkware.co)

Myria’s team page names Brendan Duhamel and Andrew Silber as co-founders and identifies Silber as chief technology officer. It lists Ivan Fortunov as game design director. The mix of gaming and technical roles reflects the project’s two connected goals: building infrastructure for outside studios and developing gaming experiences within Myria’s own ecosystem. (myria.com)

Technology & How It Works

Layer 2 transactions

A typical blockchain game may need to record many small actions. A player might receive an item, move it to a wallet, and later trade it. Processing each action separately on Ethereum’s main network can make that experience slow or expensive. Myria uses StarkWare’s StarkEx technology to group Layer 2 transactions and submit proofs and updates to Ethereum. The proof lets an Ethereum contract check that a batch follows the system’s rules. (myrianet-assets-prod.s3.amazonaws.com)

Myria promotes gasless NFT minting and trading on its Layer 2. Here, gasless describes the user experience for those supported Layer 2 actions: a player does not pay a separate Ethereum gas charge for each one. Activity that takes place directly on Ethereum, such as an Ethereum-network transfer, remains a different kind of transaction. (myrianet-assets-prod.s3.amazonaws.com)

Tools for games

Scaling is only part of Myria’s design. Its software development kits, or SDKs, give studios ready-made components for adding blockchain features. Myria describes tools for minting, burning, and transferring assets; connecting players with their NFTs; and reading the assets held by an authenticated player. A studio can use these building blocks while keeping much of its work focused on the game itself. (myria.com)

The wallet and marketplace connect those developer features to players. A game can create an item on Myria, link it to a player’s account, and allow the player to manage or list it through the platform’s tools. That shared path from game to wallet to marketplace is central to Myria’s approach. (myria.com)

Tokenomics & Utility

Supply and distribution

MYRIA is an ERC-20 token with a stated total supply of 50 billion tokens. Myria’s published allocation divides that supply into five groups:

• 40% for the ecosystem fund
• 36% for node emissions
• 19% for project development
• 3% for the token generation event and liquidity provision
• 2% for a strategic reserve

The categories serve different purposes. The ecosystem fund is intended to support activity around the platform, while node emissions provide rewards for network contributors. Myria describes node rewards as a daily distribution with a halving schedule. Project-development tokens follow a separate lock and release schedule. As a result, the allocation of the full supply differs from the number of tokens released at any given time. (myria.com)

What MYRIA does

One direct use of MYRIA is purchasing a Myria node license. Operators set up node software, earn points through operation, and claim token rewards on Myria’s Layer 2. The project also describes roles for MYRIA in selected games, exclusive Myria Studios NFT purchases, protocol fees, staking, and governance. Its token page labels staking as “coming soon,” so those listed uses represent a mix of operating features and planned parts of the economic model. (myria.com)

Governance is intended to give participants a voice in the ecosystem’s direction. Node ownership and token holding can each connect users to that process, according to Myria’s published plans. The larger idea is to tie rewards and participation to the work of running services, building games, and using the platform. (myria.com)

Ecosystem & Use Cases

Myria’s main use case is helping studios add ownable digital items to games. Those items can include collectibles, characters, or other assets a developer chooses to represent as NFTs. Players can hold them in a wallet and, where a game supports it, buy or sell them through the Myria marketplace. Developers can also use Myria’s tools to connect a player’s game identity with the assets in that player’s account. (myria.com)

The project’s games page illustrates the range of studios and genres it serves. It features Metarush from Myria Studios alongside titles such as Cricket 360, Boss Fighters, and Nitro League. Myria’s token page reports more than one million registered users, millions of NFTs minted on its Layer 2, and over 250 games onboarded. These figures describe registrations, asset creation, and onboarding—three different ways of measuring the ecosystem. (myria.com)

The platform also has a use for creators beyond a single game. A shared wallet and marketplace can give studios a place to display collections and give players a familiar way to manage items from supported projects. How an item works inside a game remains a choice for that game’s developer. (myria.com)

Advantages & Challenges

Myria’s strongest practical feature is the combination of Layer 2 scaling and game-focused tools. Gasless supported actions make small NFT transactions easier to fit into a game, while SDKs reduce the amount of blockchain code a studio must build from scratch. The wallet and marketplace add player-facing services to the same system. (myrianet-assets-prod.s3.amazonaws.com)

The main challenge is turning infrastructure into games that people continue to play. A studio must still design an enjoyable game, decide what its digital items do, and connect those items smoothly to gameplay. Myria’s ecosystem therefore depends on both the performance of its network and the work of independent developers. Its token utility also grows differently across games: MYRIA may have a role in one title without serving the same purpose in every title. (myria.com)

There are technical trade-offs as well. Layer 2 activity relies on Myria’s application and supporting services before updates reach Ethereum. Node operators provide ecosystem functions and earn rewards under Myria’s point-based system, while StarkEx supplies the technology used to prove transaction batches. Understanding those separate roles helps explain how the platform operates. (docs.starkware.co)

Where to Buy & Wallets

MYRIA is available on KuCoin, MEXC, and Gate, which publish MYRIA trading or purchase pages. It is also an ERC-20 token, so Ethereum-compatible wallets can hold it. The token’s Ethereum contract address, published by Myria, is 0xa0ef786bf476fe0810408caba05e536ac800ff86. That address identifies the token when adding it to a wallet or selecting it in a supported application. (kucoin.com)

MetaMask can display MYRIA as a custom ERC-20 token using its contract address. Myria also provides a Layer 2 wallet for interacting with its games and marketplace. The two wallet contexts serve related purposes: an Ethereum wallet manages the ERC-20 token on Ethereum, while Myria’s wallet supports activity within the gaming platform. (support.metamask.io)

Regulatory & Compliance

Rules affecting MYRIA depend on the activity and the jurisdiction. In the European Union, the Markets in Crypto-Assets framework sets authorization requirements for businesses providing covered crypto-asset services. In the United States, FinCEN’s guidance distinguishes ordinary users of virtual currency from businesses that exchange or transmit it. Myria’s whitepaper also sets restrictions on its token offering to U.S. persons. These rules address different activities; a token’s use in a game does not, by itself, determine every legal requirement for an exchange or service provider. (esma.europa.eu)

Myria’s halal or Shariah-compliance status requires a separate assessment of the token and the activities connected to it. Islamic finance analysis considers matters such as interest, gambling, and excessive uncertainty. For a gaming token, that can involve looking at how rewards are earned, how assets are bought and sold, and what individual games allow players to do. MYRIA’s described utility explains its role in the platform but does not establish a project-wide Shariah ruling. (sdasi.org)

Future Outlook

Myria’s development path centers on making blockchain features easier for studios to use and less noticeable during play. Its SDKs, wallet, marketplace, and Layer 2 give developers a common foundation for creating and moving digital items. More games could give those tools—and MYRIA’s game-related uses—more settings in which to operate. (myria.com)

Other parts of the project’s plans concern how participants share in the ecosystem. Myria describes staking and expanded governance roles alongside its existing node-reward system. Their place in the platform will depend on how those features are implemented and how developers and players use them. (myria.com)

Summary

Myria brings together Ethereum Layer 2 technology and tools built for blockchain games. It helps studios create digital assets, connect them to players, and make them available through a wallet and marketplace. MYRIA supports parts of that system through node licenses, rewards, and selected ecosystem uses. The project’s place in crypto gaming rests on a simple goal: making digital ownership work as a natural part of playing games. (myria.com)