The post GameFi Flourishes on Polkadot With Mythical Games Leading the Charge appeared on BitcoinEthereumNews.com.

In previous years, the name Polkadot was rarely mentioned in the same breath as the dedicated chains that have sprung up to cater for the demands of GameFi. But quietly, web3 gaming has begun to flourish on Polkadot’s Substrate-based family of chains. Leading the charge is Mythical Games, which is flying the flag for GameFi on Polkadot and beyond. Gaming on a General Purpose Chain While gaming was always envisaged as one of the use cases for Polkadot, it was typically cited alongside more established use cases such as DeFi and enterprise applications. Today, Polkadot is used for all these purposes as well as emerging use cases such as RWAs. But in 2024, it’s GameFi that’s been showing particular promise as loyal communities have formed around popular web3 titles. The success of Mythical Games in spearheading the growth of web3 gaming on Polkadot infrastructure has been significant. In April 2023, Mythical announced that it was leaving Ethereum to relaunch its gaming ecosystem on Polkadot. That move has been an unbridled success with its NFL Rivals release going on to record over 5 million downloads. The mobile game, which allows NFL fans to create and manage their own dream team, has proven that rare thing in GameFi: a bona fide hit. The combination of arcade-style football gameplay and collectible NFTs representing football stars has resonated with players, propelling NFL Rivals to over $6M in trading volume by the start of this year. Its success has been aided by the fact that it is one of the only apps aside from Madden to have been approved by the NFL. While Mythical’s rise has been intertwined with that of NFL Rivals, the developer has other strings in its bow. Expectations are high for Blankos, the next mobile game that will bear the Mythical…

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Filed under: News - @ June 27, 2024 3:20 am