What is Mythos (MYTH)? What Does It Aim to Achieve?

Mythos redefines Web3 gaming by leveraging Polkadot’s scalable and secure infrastructure, offering players true ownership through NFT trading, low-cost transactions, and cross-game asset portability. With launches like Pudgy Party and FIFA Rivals in 2025, Mythos continues to grow as a leader in the Web3 gaming ecosystem.

Mythos transforms the gaming industry using blockchain technology, giving players, developers, and publishers greater control and value. The MYTH token powers in-game purchases, NFT trading, and gas fees while enabling users to participate in ecosystem governance. The Mythos Chain, built on Polkadot’s parachain technology, has processed over 21 million transactions in 2025. The Mythical Marketplace stands out by allowing players to securely manage and transfer digital assets across games.

Mythos Chain and Games

The Mythos Chain, built on Polkadot’s parachain technology, provides high scalability, low transaction fees, and interoperability between games. Key games include:

• NFL Rivals: An NFL-licensed game allowing players to manage digital player cards as NFTs, with over 4 million players.

• Pudgy Party: A mobile party game launched in 2025, integrated with Pudgy Penguins NFTs.

• FIFA Rivals: A football-themed Web3 game launched in summer 2025.

These games reflect Mythos’ vision of blending traditional gaming with blockchain technology. The Mythical Marketplace enables seamless trading of NFTs and digital assets across these titles.

Mythos (MYTH) Tokenomics

MYTH is an ERC-20 token with a fixed supply of 1 billion, serving as the ecosystem’s primary utility token. A gas fee burning mechanism, activated in March 2025, burns 100% of transaction fees, targeting a 6-8% annual supply reduction to create a deflationary structure. The MYTH token is used for:

• Payments for in-game purchases and NFT trading.

• Governance participation through the Mythos DAO.

• Staking for passive income and contributing to network security.

Token Distribution

The MYTH token distribution is as follows:

• Mythos Foundation: 35% (unlocked tokens)

• Launch Partners: 34% (3-year vesting)

• Mythical Employees and Advisors: 16% (3-year vesting)

• Game Fund: 15% (3-year vesting)

Tokens are released gradually over 36 months with a 1-year lockup period, encouraging long-term commitment.

Staking and Governance

MYTH token holders can stake their tokens to contribute to network security and earn rewards. The Delegated Proof of Stake (DPoS) system offers voting power and reward potential based on token holdings. The Mythos DAO allows token holders to vote on proposals, shaping the ecosystem’s future. In 2025, a 50 million MYTH incentive pool was allocated for staking rewards.

Mythos (MYTH) Partners

Mythos collaborates with leading companies like Ubisoft, Marblex, Com2uS, CM Games, Kakao Games, Wemix, Animoca Brands, Hadean, Klaytn, FaZe Clan, Gen.G, and Yield Guild Games to strengthen its gaming and Web3 ecosystem. These partnerships enable Mythos to develop AAA games and decentralized financial systems.

Mythos Advisors

The Mythos Foundation works with expert advisors in gaming, Web3, sports, and entertainment:

• Rehito Hatoyama: Former COO of Sanrio

• Jaci Hays: Chief Corporate Alliance Officer at FaZe Clan

• Alex Pall and Drew Taggart: The Chainsmokers & MANTIS VC

• Ryan Tedder: OneRepublic

• Adam Bain: Partner at 01 Advisors, Former COO of Twitter

• Matthew Rutler: EVP, Talent & Business Development at Masterclass

• Alex Scheiner: Partner at Redbird Capital, Former President of the Cleveland Browns

• Kent Wakeford: Co-Founder of Gen.G Esports and Rally Network, Former COO of Kabam

Official Links

• Website
• X (Twitter)

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Game Mechanics and Structure

At its core, the game revolves around deploying Warlords into battle. Each match is played over three phases: selecting generals, placing them, and engaging in combat. Battles are composed of three rounds, with the victor determined by the damage dealt to the enemy’s castle.

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Each general has a different rarity level (Common, Uncommon, Rare, SR) and unique abilities. They are introduced into the game through cards. The general-card relationship operates on a dual-layer structure, where a general card must be converted under certain conditions before being used in-game.

NFT Card System

Players can form powerful generals using Awakened General Enhancement Cards offered as NFTs. These allow the activation of special Awakening Skills and enable transactions involving SGC. Duplicate cards can be burned to level up a general, unlocking enhanced abilities and earning Awakening Souls—adding depth and progression to visual and gameplay mechanics.

Earnings and Playability

KAI employs a hybrid model that enables players to earn without compromising gameplay. Earnings can come through playing, NFT trading, or staking SGC. Use cases include:

• Main gameplay (ranking-based earning)
• GvG and UGC tournament modes
• Special events and community rewards

Players can also use earned Staking Points (SP) for tournament entries, guild features, and exclusive content access.

SGC Tokenomics

SGC is the governance token of the KAI: Battle of Three Kingdoms ecosystem, serving as both a governance and utility token. In-game, it appears as SGCP and is earned via PvP battles. These points can be spent on card packs or used in marketplace transactions. SGCP is convertible to SGC at a 1:1 rate.

Staking SGC unlocks additional content and provides full access to the game’s features.

Key Details

• Token Name: SGC
• Total Supply: 10,000,000,000
• Networks: BNB Smart Chain, Oasys
• Contract (BNB): 0xE0A441D23cedB44822dfC8562E4d8d39C6B7F946
• Contract (Oasys): 0x5a2941b1B328ADDe8193Cb8b0100787D7cbA2F9a

Token Allocation & Vesting Schedule

The tokenomics of KAI: Battle of Three Kingdoms (SGC) is built on the “Gamer First” philosophy, allocating the majority of the supply directly to the player community.

Community Growth – 50.1%

This share supports those most engaged with the game:

• Airdrops
• Game rewards
• Championships
• GvG rewards
• Community contributors

Development Team & Partners – 34.0%

Locked for 12 months after TGE, then linearly released over 36 months.

Liquidity – 11.4%

For listing fees and marketing expenses.

Treasury – 4.5%

Supports community growth, liquidity, and ecosystem upgrades.

Community and Transparency

The KAI team follows a “Gamers First” principle. All gameplay data is stored on-chain, ensuring a level playing field. A sustainable interaction environment between veterans and newcomers is prioritized. More than just a game, this project aims to evolve into a community hub, social platform, and digital economic model.

Official Links

• Official Website
• Litepaper
• X (Twitter)
• Discord

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The decision comes just hours after the SEC agreed to dismiss its lawsuit against crypto exchange Coinbase. The regulatory body had initially launched an investigation into OpenSea in August 2024, issuing a Wells notice alleging that the platform was facilitating unregistered securities trading.

A Major Win for the NFT Sector!

Chris Akhavan, Chief Business Officer at Magic Eden, OpenSea’s competitor, emphasized that despite being rivals, this is a positive development for the entire NFT industry. “While we are competitors, we share a deep belief in NFTs and their potential. Happy to see such a win for the space,” he said.

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Pseudonymous crypto analyst Beanie suggested that this decision could act as a catalyst for a new NFT bull market. “OpenSea played a crucial role in bringing regulatory clarity to the industry. I’m sure it came at great cost, but the entire NFT space should be grateful,” Beanie stated.

This announcement follows OpenSea’s recent revelation of its upcoming SEA token. On Feb. 13, the OpenSea Foundation disclosed plans for launching the SEA token but did not specify a release date.

Meanwhile, OpenSea has faced backlash from its users over its new airdrop rewards system, which was temporarily halted following criticism. Some users argued that it failed to support builders, encouraged wash trading, and primarily focused on maximizing platform fees.

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So, what innovations will $SEA token bring to the OpenSea ecosystem? What advantages will it offer users? Let’s dive into the details.

Why Did OpenSea Launch the $SEA Token?

At a time when competition in the NFT sector is intensifying, OpenSea plans to introduce $SEA to offer new incentive mechanisms for its users. $SEA will play a key role in simplifying platform transactions, reward systems, and governance mechanisms.

The main reasons behind this move are:

• Increasing Community Engagement: Encouraging more participation by offering platform-based incentives.
• Strengthening the Platform’s Ecosystem: Providing lower transaction costs and various advantages for NFT trading.
• Decentralized Governance Mechanism: Allowing $SEA holders to have a say in platform decisions.

This step by OpenSea could further intensify the competition among NFT marketplaces.

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What Advantages Will the $SEA Token Offer Users?

• Reward Mechanism: Active users will be able to earn $SEA tokens as rewards.
• Transaction Fee Benefits: Lower commission rates are expected for certain transactions.
• Governance Participation: $SEA holders will have voting rights on the future of the platform.

With its native token, OpenSea aims to create a more sustainable and community-driven NFT marketplace.

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Kraken announced that the decision to close the platform stems from a shift in focus toward developing new products and services. A company spokesperson stated:

“We have decided to shut down our NFT marketplace to allocate more resources to the development of new products and services. Our customers will receive support in transferring their NFTs to the Kraken Wallet or any wallet of their choice.”

The NFT Marketplace, fully operational since June 2023 following a beta phase, initially supported over 250 NFT collections. It stood out for its zero gas fees on transactions.

Decline in the NFT Market

This move coincides with the decline in the NFT market throughout 2024. According to DappRadar, NFT trading volume dropped to $471 million in August 2024, marking the lowest level of the year—a 16% decrease from July.

Kraken also struggled to compete with niche platforms like OpenSea and Blur. For instance, OpenSea’s trading volume in August dropped by 27% from the previous month, settling at $110.5 million.

Regulatory and Legal Challenges

Another factor impacting the NFT sector has been increased regulatory scrutiny. In August, the U.S. Securities and Exchange Commission (SEC) issued a Wells notice to OpenSea, signaling potential enforcement actions concerning collection tokens.

Kraken itself has faced legal challenges with the SEC regarding whether the crypto assets traded on its platform qualify as investment contracts under the Howey Test. However, it remains unclear if the closure of the NFT platform is related to these regulatory issues.

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Last month, there was a noticeable increase in activities in the NFT market, with a significant portion of the rising transaction volume taking place on the Blur platform.

You can visit the Blur website by clicking here.

According to some data provided to users, Ethereum-based NFT transactions exceeded $605 million in November. This figure represents an almost 100% increase compared to the monthly transaction volume of $306 million in October.

With four days remaining in December, the NFT transaction volume for the month has already reached nearly $90 million, with approximately $70 million of that coming from transactions on the Blur platform. This striking increase demonstrates Blur’s impact and popularity in the industry.

The market share of the previously leading OpenSea has dropped to around 16%. Blur has surpassed OpenSea since February, taking control of the majority of the Ethereum-based NFT market.

While other marketplaces such as LooksRare and X2Y2 exist, they seem to have only a small share in the monthly transaction volume of the market, especially when compared to the significant influence of Blur and OpenSea in transactions.

If you want to learn everything about NFTs, be sure not to forget watching our videos in the NFT series.

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After the overall crypto market downturn and, especially in NFTs, authorities banned the listing of Topnod digital collections in secondary markets.

In recent months, reports have indicated that the Chinese government plans to launch an official NFT trading platform within this year. China, had marked January 1, 2023, to implement NFT regulations, before the downturn in the crypto market and especially in NFTs.

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China was known as a country with a very strict stance on cryptocurrencies. As a result, there were intermittent increases in crypto bans in the country, leading to various implications in the crypto market.

Since 2021, China officially banned many crypto-related activities, except owning cryptocurrencies directly. However, China’s approach to crypto via Hong Kong indicates that the country’s crypto opposition is gradually changing.

Regulatory changes in the country continue to shape developments in the crypto market, especially in NFTs in China. Nevertheless, the country’s stern crypto policies and intermittent increases in crypto bans continue to create uncertainty in the market.

On the other hand, the softening of the crypto approach made through Hong Kong could signal possible changes in the crypto industry in China in the future. In this volatile environment, it will be essential to closely follow developments in the crypto world.

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PayPal, one of the most widely used digital payment providers globally, has added a new one to its significant efforts in the field of cryptocurrency and blockchain. Also the company shared its patent application, made on March 21, 2023, with the public on September 21.

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The summary of the patent application states, “Many digital wallets provide access to the NFT market by associating with a service provider. Additionally this NFT market is connected to a decentralized blockchain network associated with a different institution.”

PayPal’s this application represents a system that allows users to conduct NFT operations through off-chain methods and transfer their NFTs to other PayPal users.

NFTs, have gained rapid popularity in recent years, claiming a significant place in the center of the digital economy. So the company aims to offer its users innovative and secure ways of interacting with digital assets, focusing on the transfer and trading of NFTs to leverage this growing trend.

PayPal’s focus on NFT transfer and trading is quite significant for the technology world, users, and blockchain.

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