Midas Throne was an organization that spanned several kingdoms and sects that ruled areas like a kingdom. No one knew who founded it any longer but its main function was to keep the various auctions, businesses, and powerful experts in relative cooperation.
It prevented many wars that way but it also became a power without a home. The various branches worked in concert to keep the markets balanced to reap the most profits. It was a strange system compared to the lower realms but powerful cultivators found it very advantageous.
Grade 7 items and materials were hard to come by and could cause wars. In fact, many powers had been crushed by just being nearby as Immortals tore up the countryside to get them.
Hence, Midas Throne and similar powers rose up to try and rein in the chaos. The supreme powers saw the appeal and supported them so other powers could only bend over backward as time passed.
