Market capitalization(24h)

About $MYRIA Token:

Myria is an Ethereum Layer 2 scaling solution, purpose built to scale NFTs, blockchain gaming and more. Myria's scaling solution, built in partnership with StarkWare, offers instant trade confirmation, 0 gas fee when minting and trading NFTs without compromising the security of users' assets. Myria's L2, developed using StarkWare's STARK prover, utilizes Zero-Knowledge Rollup (ZK-Rollup) technology to bundle large numbers of transfers into a single transaction to facilitate up to 9,000 transactions per section (TPS).

Myria is developing Myria L2, a non-custodial Ethereum Layer 2 scaling solution as well as a full suite of auxiliary blockchain tooling to empower tokenization efforts across a wide range of verticals.

Myria L2 utilizes Starkware’s prover and rollup zero-knowledge technology to aggregate thousands of layer 2 transactions into single Ethereum transactions. The results are dramatically increased throughput and lower transaction costs which are prerequisites for seamless token experiences.

By building an Ethereum-anchored L2 rather than a loosely-coupled or even entirely independent sidechain, Myria is able to comfortably meet the performance requirements of some of the most demanding use cases on the market without sacrificing the desire of end-users to continue leveraging Ethereum’s battle-tested consensus protocol. The oft-mentioned tradeoff between genuine usability and fully decentralized security is a false one - Myria L2 offers both.

That harmony between scalability and security is moot, however, if developers are unable to leverage it. To that effect, Myria’s suite of developer tools, a diverse array of Application Programming Interfaces (APIs), Software Development Kits (SDKs), and a Domain Specific Language (DSL), aims to abstract away the complexity of writing and interacting with zero-knowledge compatible smart contracts without curtailing creator ingenuity. Simply put, this means any transaction, from minting an NFT or launching a new collection to transferring or exchanging existing tokens requires no direct smart contract or network knowledge on the part of the developer. Any developer who is able to connect to a REST API, knows how to produce, manage, and interact with tokenization projects on Myria L2. Central to the goal of accomplishing the above without restricting use-case flexibility, as stated, will be Myria’s tokenization rules engine and Domain Specific Language (DSL). Existing smart contract development tools box developers in by making key decisions about the nature of the contracts they deploy on behalf of the creators themselves. Myria’s rules engine and DSL will grant developers the ability to customize low-level aspects of their assets without complicating the process for more novice users.

Myria Platform Myria believes, at a macro level, that there exist today two key impediments to the industry’s shared objective of enabling more people to reap the myriad benefits of blockchain technology. Those are: 1) the aforementioned tradeoff between security and scalability and 2) the immense technical learning curve for development teams unfamiliar with existing blockchain stacks. To mitigate the impact of these barriers, we are creating an all-in-one blockchain platform including Myria L2 wallet, NFT marketplace, to enable third party gaming studios, NFT communities, and developers to easily develop blockchain-powered games, DApps, and experiences.

By providing B2B technology solutions, along with our developer grant program, Myria’s Partner division aims to enable third-party developers to onboard onto the blockchain and join the next frontier of the virtual economy.

Myria Studios Myria Studios is a player-focused gaming studio centered around AAA quality games that drives true ownership and rewards. Myria Studios is leveraging Myria’s core stack to create an unprecedented blockchain gaming hub and metaverse.

MYRIA Token MYRIA is an ERC-20 utility token. The token serves as the basis for transactions on the Myria Layer 2 scaling protocol with additional in game utilities amongst selected game titles. MYRIA will be distributed to players, node operators, and other participants in the ecosystem, creating a circular economy between users to accelerate ecosystem growth.

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$MYRIA Analytics:

Market Position and Adoption: Myria occupies a promising position within the blockchain space as an Ethereum Layer 2 scaling solution designed specifically for scaling NFTs and blockchain gaming. With a focus on solving the challenges of scalability, the platform aims to drive adoption by offering a seamless experience for users seeking to engage with NFTs and blockchain games. Through its partnership with StarkWare and integration of Zero-Knowledge Rollup technology, Myria positions itself to facilitate up to 9,000 transactions per section (TPS), presenting a high-performance solution that caters to the growing demand for scalable blockchain applications.

Technology and Platform: Myria's technology foundation is built on the collaboration with StarkWare and their STARK prover, enabling the aggregation of a substantial number of layer 2 transactions into single Ethereum transactions. This approach not only enhances throughput but also significantly reduces transaction costs, contributing to a smoother and cost-effective user experience. By adopting Zero-Knowledge Rollup (ZK-Rollup) technology, Myria achieves the synergy of scalability and security, debunking the notion of trade-offs between the two. Furthermore, the platform provides a suite of developer tools, APIs, SDKs, and a Domain Specific Language (DSL), simplifying the interaction with zero-knowledge compatible smart contracts for developers of varying expertise.

Team: The driving force behind Myria comprises a diverse and experienced team dedicated to realizing the platform's vision. With an assortment of professionals skilled in various domains, including blockchain, gaming, and technology development, Myria demonstrates a commitment to innovation and execution. Leveraging their collective expertise, the team collaborates to ensure the successful development and deployment of Myria's Layer 2 scaling solution, creating a solid foundation for the platform's growth.

Competition: Within the competitive landscape of blockchain scaling solutions, Myria stands out with its Ethereum-anchored Layer 2 approach. By opting for this path, the platform effectively balances the performance requirements of demanding use cases while maintaining the security provided by Ethereum's established consensus protocol. This strategic positioning distinguishes Myria from other scaling solutions and showcases its commitment to serving both scalability and security demands.

Supply: The token supply dynamics of Myria play a crucial role in the platform's ecosystem. With a circulating supply of 4,012,753,471 MYRIA tokens out of a total supply of 50,000,000,000 MYRIA tokens, Myria aims to strike a balance between circulating tokens and the potential for further growth. This dynamic supply structure fosters a circular economy by distributing MYRIA tokens to players, node operators, and ecosystem participants, propelling ecosystem growth and engagement.

$MYRIA Risks:

1. Market Volatility: The cryptocurrency market is known for its high volatility, which can lead to significant fluctuations in the value of the MYRIA token. Investors should be prepared for sudden price changes that could impact their investment.

2. Regulatory Uncertainty: The regulatory environment for cryptocurrencies and blockchain technology is evolving. Changes in regulations or unfavorable regulatory actions could affect the use, trading, and value of the MYRIA token.

3. Competition: The blockchain scaling and NFT sectors are competitive, with numerous projects vying for attention and adoption. If Myria faces challenges in standing out or fails to provide unique value, it may struggle to gain traction.

4. Adoption Challenges: While Myria aims to scale NFTs and blockchain gaming, achieving widespread adoption can be challenging. Convincing users and developers to transition to a new platform can be difficult, especially if they are already comfortable with existing solutions.

5. Technological Risks: Any technology project faces risks related to bugs, vulnerabilities, and system failures. Myria must maintain a robust and secure infrastructure to prevent security breaches that could lead to the loss of user assets and damage the platform's reputation.

6. Liquidity Concerns: The liquidity of the MYRIA token on exchanges may be limited, particularly in the early stages. Low liquidity can lead to higher price volatility, difficulty executing trades, and potentially even market manipulation.

7. Economic Factors: Economic factors such as inflation and changes in the global financial landscape could impact the value and utility of the MYRIA token.

8.Dependence on Ethereum: As an Ethereum Layer 2 scaling solution, Myria's success is closely tied to the performance and developments of the Ethereum network. Any issues with Ethereum, such as network congestion or delays, could affect Myria's functionality and user experience.

9. Technology Adoption: The success of Myria depends on the adoption of its technology by developers and users. If the platform fails to attract a significant user base, it may struggle to fulfill its objectives.

10.Project Execution: Successfully delivering on the platform's roadmap and development goals is crucial. Delays, unforeseen technical challenges, or mismanagement could hinder the timely launch and growth of Myria.