Mythical Games, a Los Angeles, Calif. – based gaming technology studio creating universal gaming ecosystems around playable NFTs, raised $75m in Series B financing.
The round, which brought the total amount raised to $120m, was led by WestCap with participation from 01 Advisors and Gary Vaynerchuk’s VaynerFund, as well as existing investors Galaxy Digital, Javelin Venture Partners, Alumni Ventures, and Struck Capital.
The company intends to use the funds to further drive:
- mass adoption of ownership in games through playable NFTs with the growth of its first game, Blankos Block Party,
- expansion to other gaming platforms, and
- new projects launching later this year and in 2022.
Led by John Linden, CEO, Mythical Games is providing a platform for game developers to create their own player-owned economies, and new tools to facilitate ownership of in-game assets for content creators and brands. Through the Mythical Marketplace, 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.
In the Open Beta for Mythical’s debut title Blankos Block Party, an open-world multiplayer party game with an emphasis on player-designed levels, players currently hold more than 100,000 NFTs. As the game’s audience continues to grow, earlier assets and specialized releases will become more scarce and likely more valuable in the secondary market.