2023-06-28 01:24:00
Mythical Games, the next-generation video game studio behind Mythical Chain, Mythical Marketplace and popular game titles like NFL Rivals and Blankos Block Party, and the soon-to-be-released Nitro Nation World Tour, has secured $37 million as part of its C1 series. It is led by digital asset manager Scytale Digital, with participation from ARK Invest, Animoca Brands, PROOF, Stanford Athletics, MoonPay, as well as participation from current investors Andreessen Horowitz, Gaingels, Signum Growth, Struck Capital and WestCap. The full round is expected to close later this year with an additional raise of $20-30 million, with some additional investors and several strategic partners under discussion.
The $37 million in this C1 series will be used primarily to achieve 12-month profitability and fulfill Mythical’s mission to deliver video game innovation through the web3 infrastructure to mainstream players through new economics and electronic gaming models. Through its network, marketplace technology and games, Mythical has seen an influx of over $2.5 million new users and over $1 million in gross sales per day last year. The additional funding will ensure Mythical is able to scale its games and infrastructure to a much larger mainstream audience.
“Mythical remains focused on producing the best games and building a dynamic market by bringing gamers and stakeholders directly into the gaming economies,” said John Linden, CEO of Mythical Games. “With over one million NFL Rivals mobile downloads since launch last month and averaging over $1 million in daily transactions through Mythical Chain, we are focused on bringing the company to profitability, as well as seeing our vision accomplished and our strategy paying off. Last year, thanks to Blankos Block Party, Mythical was one of the few web3 games to reach over 1 million player accounts. By the end of 2023, we anticipate more than 20 million player accounts across our gaming portfolio, driven in large part by NFL Rivals and the upcoming release of Nitro Nation World Tour. It’s a testament not only to the work we’ve done lately, but to the continued interest and dedication to this new frontier of electronic gaming economies.”
Today’s announcement is an extension round following Mythical’s previous capital raises of $150 million led by Andreessen Horowitz and $75 million led by Andreessen Horowitz in 2021. With this latest round of funding, Mythical maintains its valuation of unicorn.
“As evidenced by its incredible growth over the past year, Mythical Games is poised to become the dominant gaming platform on the Web3,” said Mark Cachia, Founder and Chief Information Officer at Scytale Digital. to bring mass adoption of blockchain technology and we are proud to be a partner in leading this investment round.”
For more information, visit https://mythicalgames.com/.
Sobre a Mythical Games
Recognized by Forbes’ ‘Disruptive Technology Companies To Watch’ in 2019 and Fast Company’s ‘Fast Company’s World Changing Ideas’ in 2021, Mythical is a technology company of next-generation electronic games that create a web3 gaming ecosystem, leveraging blockchain technology and playable NFTs for tools that enable gamers, creators, artists, brands and game developers to become stakeholders and owners in new gaming economies “play and play”. to possess”.
Led by gaming industry veterans, the team specializes in building games around the player economy and has helped develop major franchises including Call of Duty, World of Warcraft, Guitar Hero, DJ Hero, Marvel Strike Force and Skylanders.
The Mythical Platform protects players who may be new to blockchain through an escrow wallet for their digital items, while allowing advanced players the freedom to link their own wallets through bridges between the Mythical Chain and major public networks. With its “players first” focus, Mythical Platform ensures that gamers don’t have to delve into the intricacies of blockchain to enjoy ownership of their digital collections and have a great gaming experience.
About to Scytale
Scytale is a digital asset manager focused on blockchain solutions. The company was an early adopter/investor in blockchain with Horizon Fund I in 2017. Horizon Fund II closed in early 2022. Scytale invests extensively in projects that build real-world solutions across different Web3 ecosystems. To date, Scytale Horizon II has invested in 15 projects with a diversity of offerings, which include games, music, legaltech, security, as well as blockchain and metaverse infrastructure, among others.
For more information, visit https://www.scytale.digital/.
The original language text of this announcement is the official authorized version. Translations are provided as a convenience only and must refer to the original language text, which is the only version of the text that is legally binding.
View the original version on businesswire.com:
Contact:
Nate Nesbitt, Mythical Games
[email protected]
617-229-9375
Stephen Connolly, Scytale
[email protected]
Source: BUSINESS WIRE
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