Board Thread:General Discussion/@comment-4830106-20151026041312/@comment-24994749-20151026041823

According to the WoR, the Vytal Festival was created alongside Academies after the war from 80 years ago. It also mentions a general re-structuring of the laws from all the kingdoms.

So, while it's likely the Vytal Festival has evolved as Remnant has evolved technologically, I would think the premise has remained the same.