Assets Must Be Bridged Before April 27

Myria's official statement was brief: "Myria is moving its mission to ETH L1. We advise members to bridge assets from L2 to L1 before April 27. Node operators, you've got mail – check your inbox for what this means for you."

All assets currently held on the Myria L2 network must be manually transferred to Ethereum L1 by the April 27 deadline. This is a user-initiated process, meaning every holder who has assets on the L2 is responsible for completing the migration themselves before the cutoff. L1 wallet pairs remain unchanged during the move, meaning connected Ethereum addresses carry forward without modification.

L2-native NFTs, including those distributed through airdrops and events, will not migrate. These assets are being left behind as the L2 is wound down. The team has indicated that cross-chain and multichain NFTs for games may be explored in the near future as the platform rebuilds on L1.

Remaining node emission tokens accrued on L2 will be distributed directly to node owners' registered Ethereum L1 wallets within the next three to five business days from the announcement date. Node operators have been separately contacted by email with migration instructions specific to their situation.

Strategic Rationale: L1-First, Cross-Chain Capable

Myria's community team framed the migration as an upgrade rather than a wind-down, citing the maturity of Ethereum L1 and the developer ecosystem advantages it provides. The strategic direction is now focused on next-generation L1 NFTs with enhanced cross-chain gaming capabilities, which the team argues could not be achieved as effectively within the constraints of the proprietary L2 infrastructure.

The move is described as opening doors for cross-chain partnerships and collaborations that were not accessible within the closed L2 environment. Myria will continue offering SDKs and developer tools for gaming partners building on Ethereum, with the $SMYRIA token remaining central to the ecosystem throughout and after the transition.

A community moderator addressing frustrated users explained the reasoning directly: "The majority of developers are on L1 building because for developers it reduces friction at the global protocol level and deepens integrations with the growing ecosystem of partners building on Ethereum. It's good for Myria to build and continue the journey over Ethereum L1 as more opportunities are opening up on L1, where meaningful partnerships can be met that cover even cross-chain and non-exclusively ETH projects."

Node Operators: Tokens Distributed, L2 Operations Ending

Myria's node network was a central pillar of its original architecture. Node license holders paid $6,400 per license and received daily emissions of $MYRIA tokens in exchange for supporting network operations. At the time of the announcement, the daily reward per node sat at 1,108 MYRIA tokens, worth approximately $0.045 at current prices, a level that does not cover the operating cost of running a VPS.

The team acknowledged node owners as contributors who helped Myria reach its current development stage. Their remaining lifetime token allocations are being distributed to their registered Ethereum L1 wallets, described by the team as delivering tokens that node owners were always entitled to receive over the node's lifetime. The closure of L2 operations accelerates that distribution rather than eliminating it.

The community team noted: "Node owners have been given all the tokens they should have generated for its lifetime, so it's the same situation as if sooner or later they were supposed to get the tokens."

MYRIA Token and the Price Context

MYRIA, the platform's ERC-20 utility token, has declined approximately 99.70% from its all-time high as of the time of the announcement. The token reached its peak price of $0.01668 and currently trades at roughly $0.000045. The total market capitalization sits at approximately $1.24 million, with a fully diluted valuation of around $2.19 million against a maximum supply of 50 billion tokens, of which approximately 28 billion are currently in circulation.

The $SMYRIA token, separate from the original MYRIA ERC-20, is described as remaining core to the ecosystem throughout the L1 transition.

What Myria Built on L2

Myria launched its Ethereum L2 mainnet in August 2022, built using StarkWare's zk-STARK technology and StarkEx infrastructure. The L2 offered zero gas fees for NFT minting and trading, instant transaction confirmations, and throughput of up to 9,000 transactions per second. It provided developers with REST APIs and SDKs that removed the need for knowledge of Solidity or other blockchain-specific coding languages.

The platform hosted over 250 projects, accumulated more than 500,000 NFTs minted, and developed its own gaming arm, Myria Studios, which produced titles including Metarush and Metakart. The platform served as both an infrastructure provider for third-party game developers and a game development studio in its own right.

12 million MYRIA tokens were distributed daily to node operators, decreasing via halving every two years. Node operator rewards formed the backbone of the network's decentralized validation layer until the L2 was operational.

What Comes Next

The focus shifts to building next-generation L1 NFTs with gaming-native capabilities, enabling cross-chain partnerships, and continuing to deliver SDKs and developer tools for game studios building on Ethereum. The team has indicated the platform's vision for a comprehensive blockchain gaming infrastructure remains intact, now pursued through Ethereum's native layer rather than a proprietary rollup.

For members still holding assets on the Myria L2, the April 27 deadline is absolute. The bridging process must be completed before that date to ensure holdings are not left behind when the L2 infrastructure is fully wound down.