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Mythical Games raises $75M to speed up NFT gaming

June 11, 2021. Summarized by summa-bot.

Compression ratio: 59.1%. 1 min read.

Mythical Games is working on blockchain-based games, specifically games that use playable NFTs.

Los Angeles-based NFT games developer Mythical Games announced a $75 million Series B financing with new and existing investors.

The company plans to use the fund to popularize ownership in games through playable nonfungible tokens (NFTs).

Mythical Games is working on blockchain-based games, specifically games that use playable NFTs. The company is led by its CEO John Linden, who was the president of Seismic Games until the studio was acquired by the gaming giant Niantic.

“Via its Mythical Economic Engine and Mythical Marketplace, the team is providing a platform for game developers to create their own player-owned economies,” the announcement reads.

Linden noted the meteoric rise of NFTs and blockchain in 2021, saying, “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. ”

The latest funding will enable the team to expand into other gaming platforms and develop new projects.

Game developer studios recently started to use them as video game characters.

by summa-bot

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