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Mythical Games Announces $75 Million In Series B Financing, Unlocking A New Universal Gaming Economy With Playable Nfts

Jun 09, 2021•about 4 years ago

Amount Raised

$75 Million

Round Type

series b

Los Angeles

Description

Mythical Games, a next-generation gaming technology studio creating universal gaming ecosystems around playable NFTs, led by industry veterans and former executives from Activision, Oculus, EA and Zynga and a marketplace team of experts from Stubhub and Charles Schwab, today announced a $75 million Series B financing led by WestCap. Also participating in this round are 01 Advisors and Gary Vaynerchuk’s VaynerFund, as well as existing investors including Galaxy Digital, Javelin Venture Partners, Alumni Ventures, and Struck Capital. This round brings the total amount raised to $120 million.

Company Information

Company

Mythical Games

Location

Los Angeles, California, United States

About

Acknowledged by Forbes Disruptive Technology Companies To Watch in 2019 and Fast Company’s World Changing Ideas 2021, Mythical is a next-gen games technology company creating a universal gaming ecosystem by leveraging blockchain technology and NFTs for tools that enable players, creators, artists, brands and game developers to become stakeholders and owners in new game economies. Led by gaming industry veterans, the team specializes in building games around player-owned economies and has helped develop major franchises including Call of Duty, World of Warcraft, Guitar Hero, DJ Hero, Marvel Strike Force and Skylanders and a marketplace team of experts from Stubhub and Charles Schwab. Blankos Block Party and the Mythical Economic Engine / Marketplace are built on a private blockchain technology stack using a Proof of Authority consensus model that is more environmentally friendly and sustainable than the Proof of Work model used for mining (neither the game or the marketplace are powered by crypto-mining, nor do they require any mining or cryptocurrency to participate).

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech