Mithril was launched as a Lord of the Rings-inspired BEP-20 token. With ownership renounced, anti-whale mechanics, and a universally-nostalgic theme, the token's market cap reached $10m in 10 days. This early success fueled the organic formation of a decentralized development team with aligned incentives.										

Within 2 weeks of launch, the team decided to build the Mithrilverse: a high-fantasy Mithril metaverse. Within the following month, the team launched a v1 metaverse with DeFi staking and lottery dapps. Developing publicly in Discord and GitHub, the core team openly engages with and sources contributions from the community and contributors.										

The Mithrilverse team is committed to building an innovative web3 ecosystem where users explore a world built from open-source creations on top of cutting-edge infrastructure. Siloed application development, cloneable application templates, and integrated application deployment enable fast development.

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