The blockchain-focused gaming company Myria will launch its highly anticipated scaling solution as a Layer-2 protocol on the Ethereum network. The company, boasting a user base of 1.2 million, affirms that transactions will be instant and secure trades, along with zero-fee non fungible-token transactions.
As a Layer-2 protocol on Ethereum, Myria will provide a comprehensive suite of tools for both gamers and developers — including the Myria Developer SDK, Myria Wallet, as well as its own NFT marketplace. The company claims that the platform’s scalability and myriad offerings will benefit both gaming-experience creators and those who partake.
“We are incredibly fortunate to have such a strong community eager to join the Myria L2,” explained cofounder of Myria Brendan Duhamel. “With this launch, the team is very thrilled to see our vision finally come to life.”
On a technical side, Myria’s Layer-2 technology is based on a scaling solution called zero-knowledge rollups (aka ZK-rollups) by StarkWare. Essentially, the Ethereum blockchain, as a Layer-1, gets an insane number of computational requests every second; it can only process, verify and accept 50 of those requests each second — i.e., 50 TPS, meaning 50 transactions per second. But as a Layer-2 technology, Myria claims to support a whopping 9,000 TPS via its ZK-rollup optimization. This vast increase is due to the fact that operations occurring off-chain but still require no (or zero) proof, can be bundled together more efficiently and, thus, economically.
Moreover, the Myria Developer Solution takes an API-first approach, furthering a more effortless and straightforward interaction with Myria’s SDKs and set of REST APIs. Developers might also benefit from the Myria ecosystem’s ZK-Rollup solution that does not require complex blockchain coding languages like Solidity, and is thus more conducive for new or even amateur NFT projects to engage with.
Prior to its move into the competitive L2 market, Myria’s technology attracted over 100 different projects that saw potential in its easy integration and the burgeoning sector of blockchain gaming (i.e., P2E, GameFi, and other yet-to-be-coined terminology).
Those projects might have gravitated to Myria for a number of reasons, but the company of more than 150 people currently working on Myria’s team has veterans who joined from either the crypto or gaming giants such as EA, Riot Games, Ubisoft, Chainlink, Blizzard Activision, BitMex, Tencent, etc.
Many will be anticipating the launch of Myria’s L2 blockchain gaming experience, but the overall crypto and macro environment may illuminate potential hurdles for the blockchain-gaming industry. Nevertheless, it seems fair to say that neither blockchain, gaming, nor environmental responsibility are going to zero any time soon.
And though advancements in L2 technology might seem the norm these days, there is an increasing demand for sustainability within the blockchain industry. While the Ethereum network is preparing for a fundamental change to proof-of-stake, Myria’s L2 launch goes over and beyond “The Merge” with a commitment to a zero-carbon footprint.
In a press release, Myria cofounder Brendan Duhamel said:
“We are incredibly excited to bring the industry this next step forward with what we’ve built. We see massive potential in the underlying technology we have built to support NFT scalability and we believe blockchain gaming will be the next big vertical for NFTs. This is why we have created NFT solutions purpose-built to serve game developers and game builders. We’re just getting started!”
In order for NFTs and blockchain to find entrance into a $100 billion+ gaming industry, ease of access and interaction, as well as the environmental concerns surrounding blockchain technology must be addressed. Myria’s potential route for Web3 into the gaming industry seems to rely on its novice-friend wallet setup, its alleged zero gas fees, and its claim of being 100% carbon neutral. If all that is true, let’s all hope the market is rational, this time.
Image source: Myria Games