Mythical Games believes that the future of the gaming industry is in the development of NFTs. Therefore, it is launching an NFT platform to further drive mass adoption of ownership in games as well as enhance the growth of its first game, Blankos Block Party.
Next-generation game technology studio Mythical Games has raised $75 million in a Series B new funding round. The round included both existing investors and new names attracted by the project. According to Mythical Games, the money raised will be used to launch a non-fungible token (NFT) platform to external game developers.
Series B Funding Round
As Mythical Games has stated, growth equity firm WestCap has led the funding round. Besides, the participants included such names as 01 Advisors and Gary Vaynerchuk’s VaynerFund. Existing investors like Galaxy Digital, Javelin Venture Partners, Alumni Ventures, and Struck Capital contributed to the round as well. As a result of the event, the total amount Mythical Games has raised totaled as much as $120 million.
This morning’s big news: Mythical Games has completed Series B funding, bringing total backing up to $120M to date: https://t.co/n43KF4swRt
via @TechCrunch | #Blockchain pic.twitter.com/9QomUzziDZ
— Mythical Games (@playmythical) June 9, 2021
In November 2019, Mythical Games had a Series A funding round led by Javelin Venture Partners, Hashed, Struck Capital Crypto, Galaxy Digital LP, and Alumni Ventures Group. At that time, the company managed to raise $19 million. Previously, Mythical Games had another Series A round and Seed round. Both were led by Struck Capital Crypto and Javelin Venture Partners.
Mythical Games to Launch NFT Platform
Mythical Games believes that the future of the gaming industry is in the development of NFTs. Therefore, it is launching an NFT platform to further drive mass adoption of ownership in games as well as enhance the growth of its first game, Blankos Block Party.
Mythical Games’ CEO John Linden commented:
“NFTs and blockchain have risen as a prominent talking point in 2021, and Mythical has been at the forefront of bringing these technologies to the games industry. From our inception three years ago, our aim has been to drive mass adoption of ownership in games through projects including Blankos Block Party, our Economic Engine, and the Mythical Marketplace.”
Currently, Blankos Block Party is in the beta testing stage. This game has vinyl-style game characters that you earn while playing, buy, or sell. It has already started testing its marketplace where players can buy and sell their characters. Notably, you can customize the characters or decorate them with various things that you earn in the game.
Mythical Games is aiming to create world-class products that drive consumer adoption of distributed ledger technology through games. Providing a platform for game developers to create their own player-owned economies, Mythical Games also introduces new tools to facilitate ownership of in-game assets for content creators and brands.
In 2019, Mythical Games was one of Forbes Disruptive Technology Companies to Watch. Besides, it has been admitted as one of Fast Company’s World Changing Ideas this year.
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