In this brief review, we’re taking a look at Mythical Platform, the foundation for the Mythical Marketplace. More precisely, we’ll be discussing what Mythical is, how safe it is, and what kind of titles you can expect to find on its Web3 gaming platform.
What is the Mythical Platform?
The Marketplace offers features such as fraud protection, fee optimization, and pricing recommendations for buyers and sellers, accepting both fiat and cryptocurrency transactions. Additionally, it provides the option for private label marketplaces that can be fully branded to a partner’s specifications.
The vision behind Mythical is to empower Web3 players with true ownership of their digital assets and experiences. According to an interview with John Linden, CEO of Mythical Games, this is “not just about making money but about rewarding players for their contributions, which can benefit publishers as well.” In other words, Mythical plans to expand its portfolio and engage deeply with the gaming community to demonstrate the benefits of effectively integrating blockchain technology into gaming.
Mythical Marketplace
The Mythical Marketplace is a non-fungible token (NFT) gaming marketplace with features such as quick trades that allow users to trade multiple assets simultaneously. Unlike most gaming platforms, Mythical prioritizes a gamer-first approach, lowering the barrier to entry by eliminating the need for a crypto wallet, seed phrase backups, or exchange use.
With the upcoming transition to Polkadot (DOT), the platform will also offer self-custody wallets, bringing users closer to Web3. However, Mythical’s chief appeal lies in its blend of first-party games and third-party titles that leverage the Marketplace and tech stack to interact with blockchain technology.
Games on Mythical Marketplace
The three most noteworthy games on the Mythical Marketplace include:
- NFL Rivals: In NFL Rivals, players can collect and trade digital player cards featuring real NFL athletes. As these NFTs are used to enhance the team’s performance, they blend strategic gameplay with digital collectibles;
- Nitro Nation World Tour: In Nitro Nation World, a free-to-play drag racing game, players own and trade fully licensed digital cars as NFTs. These NFTs can be specific vehicles or Spark Plugs of matching rarity that can be used to create new cars in-game;
- Blankos Block Party: Set in a dynamic online world, Blankos Block Party revolves around collecting, customizing, and trading unique characters known as Blankos. It is an open-world, multiplayer game with a focus on custom art and design, exploration, and user-created levels.
Is Mythical Platform Safe?
As a Web3 platform, Mythical Marketplace places a strong emphasis on security and transparency, implementing robust measures to protect users and their digital assets.
Primarily, the platform leverages blockchain technology to ensure the authenticity and ownership of each NFT, with each transaction recorded on an immutable ledger. This provides users with confidence in the legitimacy of their trades.
The Mythical NFT and token management system offers players true ownership of their digital assets, with the flexibility to connect to public blockchains. All players and their items are automatically tokenized and synchronized with the user’s Marketplace, ensuring seamless integration.
The Mythical Platform handles the entire process of issuing NFTs and tokens, from game integration to ledger management, designed to scale for mass-market games.
Built-In Compliance
The Mythical Platform includes integrated regulatory compliance. This covers a Know-Your-Customer (KYC) process and indemnity, as well as comprehensive customer service and fraud management that ensures a smooth and secure experience.
Fraud detection also ensures safe payment processing is a priority, with industry-standard protocols in place for both cryptocurrency and traditional payment methods.
Naturally, only verified games are allowed to integrate with the Mythical Marketplace. This means all NFTs on the platform are legitimate and officialized in-house, promoting transparency and offering clear information on pricing and fees.
The Mythical Chain
The Mythical Platform is built on a permissioned chain using a Proof-of-Authority consensus model that is more environmentally friendly and sustainable than the Proof-of-Work model. As such, minting NFTs and integrating the Marketplace does not require any mining.
The Mythical chain will also provide the ability to track and support assets across multiple blockchains, allowing players to transfer and sell assets across many public blockchains. In addition, it ensures payment splits to developers for those secondary transactions regardless of where they occur.
Pros and Cons of the Mythical Platform
Pros
- Versatile payment options: Mythical accepts both crypto and fiat payments;
- Comprehensive blockchain asset management solution: The Mythical Platform offers a comprehensive solution for blockchain asset trading, payments, and management;
- Transparency: The platform emphasizes safety with robust fraud protection and a transparency system.
Cons
- Limited game selection: The platform currently offers a limited number of titles, which may not satisfy all gamers;
- Reliance on NFTs: The heavy focus on NFTs might not appeal to other kinds of digital asset collectors.
Conclusion
Mythical has the potential to become a solid NFT gaming marketplace, providing a secure, easy-to-use, and varied platform for both Web3 gamers and digital asset collectors. Right now, its standout features include the seamless integration with game inventories and low entry barriers, but with more updates announced, the platform promises to introduce even more titles and quality-of-life improvements to contribute to the development of Web3 gaming.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about Mythical Marketplace
What is Mythical Marketplace?
Mythical Marketplace is a peer-to-peer Web3 gaming marketplace that allows gamers to buy, sell, and trade in-game items as NFTs.
Is Mythical Marketplace safe?
Mythical is considered a safe platform. It utilizes advanced fraud protection systems to ensure that every transaction is safe and secure. Likewise, leveraging blockchain technology adds another layer of transparency, enabling users to verify the authenticity of their trades with confidence.
What games does Mythical Marketplace support?
Mythical Marketplace supports titles such as NFL Rivals, Nitro Nation World Tour, and Blankos Block Party.
What services does Mythical offer for developers?
Mythical Platform services include authentication, inventory management, live events, player data storage and identity, account admin tools, insights and analytics tools, self-service tooling, etc.
