Myria priceMYRIA

What is Myria (MYRIA)?

The Myria scaling solution is a game-changer for Ethereum's Layer 2 ecosystem, particularly for Non-Fungible Tokens (NFTs) and blockchain gaming. Developed in partnership with StarkWare, Myria's solution aims to provide instant trade confirmation and zero gas fees for NFT minting and trading, all while ensuring the security of users' assets. Myria's Layer 2 (L2) utilizes StarkWare's STARK prover and Zero-Knowledge Rollup (ZK-Rollup) technology to bundle a large number of transfers into a single transaction, enabling it to handle a significant number of transactions per section. The MYRIA token, an ERC-20 utility token, is the backbone of transactions on the Myria Layer 2 scaling protocol.

How does Myria (MYRIA) Work?

Myria's approach involves bundling thousands of Layer 2 transactions into single Ethereum transactions using StarkWare's prover and rollup zero-knowledge technology. This process aims to enhance throughput and reduce transaction costs, which are essential for seamless token experiences. Myria offers a suite of developer tools, including APIs, SDKs, and a DSL, to simplify the complexity of writing and interacting with zero-knowledge compatible smart contracts. This means that developers do not need to have direct smart contract or network knowledge to perform any transaction, from minting an NFT to transferring or exchanging existing tokens.

Myria's potential use cases are diverse, with a primary focus on tokenization efforts. By providing an Ethereum-anchored Layer 2 scaling solution, Myria aims to meet the performance requirements of some of the most demanding use cases in the market. This includes minting NFTs, launching new collections, transferring or exchanging existing tokens, and more. Additionally, Myria's tokenization rules engine and DSL enable developers to customize low-level aspects of their assets without complicating the process for more novice users. Myria also aims to empower third-party gaming studios, NFT communities, and developers to easily create blockchain-powered games, DApps, and experiences.

What is the MYRIA Token?

The MYRIA token is a utility token based on the ERC-20 standard. It is used for transactions on the Myria Layer 2 scaling protocol and also has additional in-game utilities for selected game titles. MYRIA tokens will be distributed to players, node operators, and other participants in the ecosystem, creating a circular economy between users that will accelerate ecosystem growth.