MYRIA Myria

Myria Use Cases

Myria has several key use cases that make it a versatile and powerful platform for blockchain gaming and NFT management.

• Tokenization: Myria focuses primarily on tokenization, providing an Ethereum Layer 2 scaling solution that meets the performance requirements for various use cases such as minting NFTs, launching new connections, transferring or exchanging existing tokens, and more.
• Gaming: Myria is designed to support the creation of blockchain-powered games and experiences. It enables developers to easily integrate with the best of blockchain technology, offering fast, cost-effective, and secure transactions.
• NFT Marketplace: Myria operates a dedicated Web3 marketplace for trading digital assets and collectibles across all Myria-powered projects and games. This allows players to own, sell, and transfer NFTs, providing real ownership and value.
• Node Licensing: $MYRIA tokens are used to purchase Myria Nodes, which provide support, data, governance, and decentralization for the Myria network. Node owners are incentivized through rewards.
• Staking and Governance: $MYRIA tokens are used for staking and governance, enabling token holders to participate in the decision-making process of the platform's future development and strategic direction.
• Interoperability: Myria allows for interoperability between different games and platforms, enabling players to use their NFTs across various games, increasing their overall gaming experience.

Pros of Myria

• No Gas Fees: Myria eliminates gas fees, allowing for cost-effective in-game transactions and making it more accessible for players and developers.
• High Transaction Speed: Myria can handle up to 9,000 transactions per second, ensuring a smooth and seamless gaming experience.
• Reliable Blockchain Infrastructure: Built on Layer 2 technology, Myria provides high security and scalability, enabling developers to create more complex and engaging games.
• Comprehensive Development Solutions: Myria offers a variety of tools and resources that make it easy for developers to create, manage, and market their games.
• Integrated Ecosystem: Myria includes a secure digital wallet, a marketplace for buying and selling in-game assets, and a software development kit (SDK) for easy integration.

Cons of Myria

• Limited Node Ecosystem: The total number of Myria nodes is capped at 40,000, which could potentially limit the network's scalability and decentralization.
• Dependence on Ethereum: As an Ethereum Layer 2 solution, Myria's performance and security are tied to the Ethereum network, which could be a concern if Ethereum faces issues.
• Regulatory Compliance: Myria emphasizes adherence to AML and KYC legislation, which could be seen as a limitation for some users who prefer more anonymity.
• Token Distribution: The distribution and allocation of MYRIA tokens could impact the project's longevity and sustainability if not managed properly.

Founders of Myria

• Andrew Silber: Co-Founder and CTO
• Brendan Duhamel: Co-Founder
• Ivan Fortunov: Co-Founder and Game Design Director

Note: There is another company named Myria that is unrelated to the crypto project, which is a marketplace for luxury services for the ultra-wealthy, founded by Rey Flemings. The information provided here pertains to the crypto project Myria.

Investors in Myria

• Founders: Myria was founded by crypto entrepreneurs Brendan Duhamel and Ivan Fortunov.
• Funding Rounds: Myria has raised a total of $40,000 in 3 completed rounds, including an Airdrop, Token Launch, and one more round.
• Token Distribution: The token distribution includes various categories such as Ecosystem Fund, Node Emissions, Team, TGE & Liquidity Provision, Strategic Reserve, Community Airdrop, and Public Sale.
  • Ecosystem Fund: 40% of the total supply, with 18.9% unlocked and 21.1% locked.
  • Node Emissions: 36% of the total supply.
  • Team: 19% of the total supply, with 4.27% unlocked and 14.7% locked.
  • TGE & Liquidity Provision: 2.87% of the total supply, fully unlocked.
  • Strategic Reserve: 2% of the total supply, fully unlocked.
  • Community Airdrop: 0.09% of the total supply, fully unlocked.
  • Public Sale: 0.04% of the total supply, fully unlocked.

Halal Status of Myria

No specific information on "Myria crypto" is provided in the given sources. However, to determine if a cryptocurrency is halal, it must be screened against Islamic finance principles. Here are some general guidelines:

Key Factors for Halal Cryptocurrencies

• Compliance with Shariah Law: The cryptocurrency must not involve interest (riba), gambling, or other haram activities.
• Legitimate Use Case: It should have a legitimate use case and not be primarily used for speculative purposes.
• Transparency and Security: The project should be transparent and secure, ensuring that transactions are reliable and trustworthy.

Examples of Halal Cryptocurrencies

• Bitcoin (BTC): Deemed permissible by many scholars as it is seen as a digital asset rather than a currency.
• Other Halal Coins: Various cryptocurrencies like 0x (ZRX), Aelf (ELF), Algorand (ALGO), and Cardano (ADA) have been screened and found to be halal.

Given the lack of specific information on Myria, it cannot be definitively classified as halal or haram without further analysis. However, if it adheres to the principles outlined above, it could potentially be considered halal. For a definitive answer, it would be necessary to conduct a detailed Shariah screening of Myria.

Conclusion

• Halal Status: Unknown
• Reason: Lack of specific information on Myria's compliance with Islamic finance principles.