Mythical Games, one of the top gaming technology studios in creating playable NFTs, has announced a $75 million Series B financing led by WestCap to accelerate innovation and mass market adoption of blockchain technology and NFTs in play-to-earn videogames.
Other participants in the round include major industry leaders and supporters such as 01 Advisors and Gary Vaynerchuk’s VaynerFund, as well as Galaxy Digital, Javelin Venture Partners, Alumni Ventures, and Struck Capital. This round brings the total amount raised to $120 million.
Mythical plans to use the money raised to drive further growth and adoption of its first game, Blankos Block Party, expansion to other gaming platforms, and new projects launching later this year and in 2022. The team currently provides a platform for game developers to create their own player-owned economies through its Mythical Economic Engine and Mythical Marketplace.
The Mythical Marketplace also provides new tools to facilitate ownership of in-game assets for content creators and brands, so that players can unlock the value of monetary, rarity and time-based efforts by selling their NFTs to other players for real money, in safe and secure transactions with proof of authenticity.
“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,” said John Linden, CEO of Mythical Games. “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. This new capital will allow us to continue leading the industry into a new play-to-earn model where various stakeholders like players, artists, content creators, and brands are now directly influencing the game economics.”
Make sure to tune in next week on Monday, June 14th at 11:10AM PDT when Mythical Games will be making several big announcements during a keynote at the 2021 Electronic Entertainment Expo (E3). They will also be releasing one of the first NFT Twitch drops via the streaming service.
Mythical is led by gaming industry veterans who specialize in building games around player-owned economies and have helped develop major franchises including Call of Duty, World of Warcraft, Guitar Hero, DJ Hero, Marvel Strike Force and Skylanders.
Want more? Connect with NFT Plazas
*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.
Ivelina is an NFT and Blockchain lover. She has a knack for putting complex concepts into simple words.