Sat. Dec 2nd, 2023
Mythical Games Raises $37 Million in Series C1 Round with Big Investors on Board

Mythical Games, an online gaming platform, is announcing their success in the first close of their Series C1 round. This round raised $37 million from renowned investors such as Animoca Brands and MoonPay. This is a huge milestone for the company as they look to grow their platform and expand their reach.

Overview of Mythical Games and their focus on blockchain technology

Mythical Games is a Los Angeles-based gaming studio that was founded in 2018. The company’s focus is on blockchain technology, which they believe has the potential to revolutionize the gaming industry.

Their goal is to create games that are truly player-owned and allow users to fully own and trade in-game assets.

Their flagship game, Blankos Block Party, is a multiplayer party game that is built on the blockchain. It allows players to create, build and sell their own levels, characters and accessories. It is currently in closed beta, with plans to launch publicly later this year.

The company’s philosophy is that by leveraging blockchain technology, players will have true ownership over their in-game assets.

This will create a more vibrant and profitable ecosystem for both developers and players alike. Mythical Games believes that blockchain technology has the potential to unlock a new era of gaming, where players have real ownership and control over the games they play.

Mythical Games has also partnered with a number of other companies in the blockchain and gaming spaces. This includes a partnership with Dapper Labs, the creators of CryptoKitties, and a collaboration with gaming hardware manufacturer SteelSeries.

Mythical Games is a forward-thinking company that is pushing the boundaries of what is possible in gaming. Their focus on blockchain technology has the potential to create a new era of gaming where players truly own and control their in-game assets.

Funding Round Details

Mythical Games, the blockchain gaming company behind popular titles like Blankos Block Party, has just announced the successful first close of their Series C1 funding round.

The company has secured $37 million in this round with big investors such as Animoca Brands and MoonPay on board.

The funding will be used to continue to scale the company’s technology, expand its development capabilities, and support new titles currently in the works. According to the company’s CEO, John Linden, “This financing will allow us to continue building a world-class team and delivering best-in-class technology to the gaming industry.”

Mythical Games has been making waves in the blockchain gaming industry since its inception in 2018. Their flagship game, Blankos Block Party, is a party game that allows players to collect and trade digital toys called Blankos on the blockchain. It has gained popularity due to its unique blend of gameplay, user-generated content, and blockchain technology.

The company’s progress has been steady since its launch, and this latest funding round will help them take things to the next level. With the support of investors like Animoca Brands and MoonPay, Mythical Games is poised to continue to be a leader in the blockchain gaming space.

Stay tuned for more updates from Mythical Games and their upcoming titles. The future of blockchain gaming looks bright with companies like this leading the way.

Company Progress and Future Plans

Mythical Games has been making significant strides in the gaming industry, utilizing blockchain technology to revolutionize the gaming experience. Their flagship game, Blankos Block Party, has seen tremendous success with players enjoying the ability to own and trade unique, blockchain-based virtual assets.

In addition to Blankos Block Party, Mythical Games has also been working on a new game, “Gods Unchained”, which they aim to release later this year.

The game features trading card mechanics similar to popular games such as Hearthstone, but with a unique blockchain twist. Players will be able to own and trade their cards on a decentralised marketplace, giving them full control over their virtual assets.

Mythical Games plans to continue building on their blockchain-based gaming technology, creating new and innovative games that provide players with a truly unique gaming experience.

With the recent funding from their Series C1 round, the company is poised to expand their team and accelerate the development of their upcoming titles.

Mythical Games has also expressed their desire to collaborate with other developers and companies in the gaming industry, working towards a shared vision of creating more engaging and immersive games that utilize blockchain technology. They believe that by collaborating and sharing resources, they can drive innovation in the industry and bring about new possibilities for gamers worldwide.

Mythical Games has demonstrated an unwavering commitment to pushing the boundaries of what is possible with blockchain technology in gaming. With their recent funding and ambitious plans for the future, they are sure to continue making waves in the industry and attracting more players to the world of blockchain-based gaming.

By Hari Haran

I'm Aspiring data scientist who want to know about more AI. I'm very keen in learning many sources in AI.

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