Myria: AMAZING rewards as a NODE OWNER

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Myria is a decentralised Ethereum Layer 2. It’s built to empower digital assets, NFT and blockchain gaming. My name is Rico Richardson, and in this post I’m going to tell you all about it.

For gamers

MetaKart. One of the games Myria Studios is developing! Source: Myria.com

Myria is focused around 2 groups of people. The first one is the players and the second is the developers. First let’s look at what Myria can do for the players. Right now, the Myria platform is in the middle of the development of six games. These are:

Metarush
Metakart
Block Royale
Starstrike Legends
Moonville Farms
Hot Slice Tycoon

Metarush is a game in which you need to run around a parkour and not get knocked off. Metakart will allow you to drive gokarts around a track. Kind of like the game Mario kart. Now one of my most anticipated game is Block Royale, in which you need to eliminate your opponents. Starstrike Legends is all about activating or defending a bomb. Two games are still a surprise to everybody. These are Moonville Farms and Hot Slice Tycoon. Follow their socials to stay updated on the latest developments.

Disclaimer

Now as a disclaimer, please know that I have entered the private sale of Myria. The reason is because I feel this could be a very good project. It was done through my friends over at SOLR DAO who are also todays sponsor. Check out the link to their Discord in the description of the video down below. Joining them, will allow you to be able to participate in future private sales yourself. Make sure to do your own research before you do, but let’s continue with the video.

Nodes

So why did I invest in Myria myself? Well, I personally think that web3 and play 2 earn games will be the future. If we’re spending valuable time we might as well make it worth it. Right now a lot of streamers play games like fortnite and get rich doing so. Not everybody has the time or means to do so, and most people that join later down the line will have a hard time staying a float. With play 2 earn games, everybody will have a chance of succes and income. So it only makes sense for this industry to become bigger.

Running a node

Another reason I bought in the private sale is because of the nodes. Nodes are required for verification of network transactions. Nodes in the Myria ecosystem will be used for a variety of network-supporting activities including initial test networks, block production and validation. By running a node, you can earn Myria tokens and NFT rewards. By using my home computer I can become a node operator and help support the Myria chain. This is because it is supported by a network of player run nodes. Now besides running my own node from home, I can also use a service like Amazon Web Services to host it for me. This will cost some fee, but it a great option if you don’t feel like keeping your computer on 24/7.

The benefits of running a node

Node owner rewards. Token rewards, voting rights and exclusive NFT’s. Source: Myria.com

The benefits of running a node is that you can get daily myria tokens as a reward, voting rights to be allowed to vote on porposed changes to the Myria chain and the nodes will also hold greater voting power throughout the Myriaverse. As a final reward, node owners will be rewarded with NFT drops and tokens based on their reputational score as node operators and general community members. Now the great thing is that only 55.000 Myria nodes will be released which means that if you have a license for one of them, you can benefit from the growth of the network. Hence the reason I invested with a longterm vision.

What will I do?

The requirements for running a node. Source: Myria.com

Personally I’ll probably run it in the cloud rather than myself, even though the system requirements aren’t much. With 4 GB ram, 2 CPU cores, 60 GB disk space, an X86 or X64 processor and a stable internet connection you’ll be able to run one. Subscribe to my channel for a video later down the line on running a node. Early founder node operators will also receive preferential pricing, which increases as nodes are sold, so that’s another benefit for me as an investor. After 5 years, these node licenses can be traded, so that’s when you can purchase one over the counter.

For developers

Myria wants to offer unlimited scalability and deliver up to 9000 transactions per second, eth compatability by empowering mainstream adoption, provide easy to use solutions to help projects kickstart their project, and offer a 100% ethereum level security. They want to provide an end-to-end solution for developers and publishers and help them unlock the potential of the blockchain for their business. For that, they want to focus on 8 elements in the process.

The 8 elements

Marketing projects for you! Source: Myria.com

They want to work closely with projects from onboarding to development, and provide advice and technical support to best practice recommendations to unlock new revenue streams and opportunities. Myria will also allow you to manage your digital storefront and marketplace with their purpose built marketplace infrastructure which is optimized to support the players journey. Their Myria scaling solutions will make it possible to have a throughput rate of up to 9000 transactions per second and by leveraging their prebuilt Myria platform and tools, they can take care of the supporting tools so projects can focus on their business. If you need advice on NFT sales, blockchain integrations and platform support, Myria will help you with specialised Blockchain services that will allow you to enter web3 with confidence.

What about consultancy?

Now let’s say you have a project and need some consult on tokenomics, they can help you with that as well. The legal team of Myria will provide the players of a project with a protected experience and will make sure that a developers project understands critical regulatory compliance components. Now as I’ve mentioned before, developing is one but building a community is just as important. Myria will allow you to instantly reach and build an engaged player community of evangelists around a project through the Myria platform and network partners.

Myria Studios

So after taking a look at what Myria is for gamers, and for developers, it’s time to look at Myria Studios. It’s a game development studio that is building a range of free to play AAA games which spans across an entire interconnected ecosystem. Players experience intertwining lore, characters, and rich storylines that carry across each game world, and Myria tokens and NFTs can be used across the Myriaverse. As a new standard, they want to create morphing interoperable NFT’s and consider this the new standard. Players will be able to utilize their NFTs across different avatars, games and metaverses. Which allows you to truly own your digital assets and collectibles. Encapsulated by Myria, players will be able to use $MYRIA to buy, trade, upgrade, vote and more within the Myria ecosystem. The Myriaverse is the wider social metaverse connecting players, communities and guilds. Players will be able to quest, explore, craft, invest and much more. The ever expanding Myriaverse is a virtual society and economy that offers bountiful earning opportunities for those that participate in it.

Their solution

Their solution is a STARK based ZK-rollup. ZK-Rollups are smart contracts that scale the Ethereum network by processing multiple transfers off the main blockchain. They then send validity proof back to the main chain as proof of validity. This reduces the amount of data being sent through the main block, enabling faster and cheaper transactions. Myria’s Ethereum L2 scaling solution uses zero-knowledge technology (zk-STARKs) to “roll-up” or bundle thousands of L2 transactions into one single transaction. It then sends a validity proof back to the main blockchain, preserving the security of L1 Ethereum. Myria’s STARK-based zkrollup solution enable NFTs and dApps to achieve unlimited scale, low transaction fees without sacrificing on security. You basically get the best of both worlds as well, you get the layer 2 scalability solutions while zk proofs and L1 data availability provide Ethereum-level security.

Disclaimer

Right, before we move on to the tokenomics please keep in mind that I’m not a registered financial advisor. My videos are ment to be educational and entertaining only. Never invest money you cannot afford to miss because there is nothing as volatile as crypto.

Tokenomics

Normally, I would now start to talk about the token and tokenomics, but unfortunately there isn’t such info other than the advisors taking up 1,5%. Myria has it’s own native ERC20 utility token that will be the lifeblood of the Myria ecosystem and what I can tell you is this, as a Myria node operator, you will be rewarded with $MYRIA tokens for running your node. 40% of the total token supply will be rewarded to Myria Node operators. Now I briefly mentioned it but in this overview you can see all of the token utilities of the Myria token. It ranges from the Myria Protocol fee to player rewards and Myria advertising. And yes, the token allows for staking as well, one of my most favorite utilities a token can offer. Alright, next up is their team.

The team

The team is one of the unique selling points of this project. All of them have loads of experience in the Blockchain and game developing world. There are three founders of this project with the first one being their CEO as well called Jonathan Teoh. He founded 4 multinational VC backed companies in traditional tech and aliens.com. Their second co founder is also their CTO and called Andrew Silber who has a lot of experience in the game developing world and has worked with some of the most recognizable names in the industry, including Activision, Electronic Arts, 2K, Ubisoft, Sony, and Midway. Their third co founder is Brendan Duhamel, who actually got interviewed by the reputable website Cointelegraph in july of 2014. He has a lot of blockchain experience and founded an escrow solution to the bitcoin blockchain, a crypto ETF on ethereum and was blockchain lead for the worlds largest trade finance blockchain network. All of their team can be found on the website but they do not have pictures to go along with it. Instead, they use links to Linkedin or Twitter to the members. Make sure to research them all and see if you think they are able to run a project of such magnitudes.

Roadmap

Their roadmap is a little bit different than what we’re used on this channel. Because they do not have a timeline but rather decided to divide it in three main topics. The Myria product and plans, a for gamers section and a for developers section. For the first one, they want to have a public token sale, public node sale, a myria layer 2 wallet, a myria NFT market place and a team growth of 80 to 200+ people. Which is very very optimistic in my opinion but I do believe they will have to if they want to deliver so many games. They want to release 4 myria studio games, 9 partner studio games, 5 play 2 earn NFT collection sales and open their metaverse land sale. For developers, they want to offer the ethereum layer 2 scaling solution, myriacore API and SDK, Fiat on/off ramp, 0 gas fees for trading and a $200 million developer grant. So it’s a very ambitious roadmap, and I’m very curious to see how much of this will be done and at what time. Either way, a lot of people seem extremely bullish on this project, so with the support of the community they will be able to achieve great things.

Socials

And speaking of communities and where to find the Myria team, it might be good to know where to find all of the required and latest info. For that you can check their Discord, Twitter, Medium and Instagram page with their Discord and Twitter being the main one. All of them can be found on their website which will be linked in the description.

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