Mypy is an experimental Python variant that aims to provide seamless dynamic and static typing. It allows code to be written using either dynamic or static typing styles and combines the benefits of both. The current implementation focuses on adding a static type checker and type inference to Python. Future plans include developing a new virtual machine without the Global Interpreter Lock and backend compilers to improve performance. Mypy may help enable better tooling, type checking, and performance for large Python programs compared to CPython.