Jun 11, 2021 10:53 UTC
Jun 11, 2021 at 10:53 UTC
Mythical Games raises $75M to hurry up NFT recreation
The blockchain-based game developer is presently performing on associate open-world multiplayer games with playable NFTs.
Los Angeles-based NFT games developer Mythical Games declared a $75 million Series B funding with new and existing investors. the corporate plans to use the fund to popularize possession in games through playable nonfungible tokens (NFTs).
The funding spherical was LED by WestCap cluster. Alternative participants include 01 Advisors, Metropolis Vaynerchuk’s VaynerFund, Galaxy Digital, Javelin Venture Partners, Alumni Ventures and Smitten Capital. The game developer studio raised a total of $120 million to date.
Mythical Games is functioning on blockchain-based games, specifically games that use playable NFTs. The corporation is led by its chief operating officer John Linden, UN agency was the president of seismic Games till the studio was taken by the recreation big Niantic.
“Via its legendary Economic Engine and Mythical Marketplace, the team is providing a platform for game developers to form their own player-owned economies,” the announcement reads.
Linden noted the meteoric rise of NFTs and blockchain in 2021, saying, “This new capital can permit us to continue leading the trade into a replacement play-to-earn model wherever varied stakeholders like players, artists, content creators, and makers are currently directly influencing the game political economy.”
The main project of the studio is Blankos Block Party, an open-world multiplayer game. The most recent funding can modify the team to expand into alternative recreation platforms and develop new ones.
Blankos Block Party offers NFT characters that players will earn whereas enjoying. NFTs are verifiably distinctive representations of digital and physical merchandise that may be applied to multiple use cases.
Game developer studios recently began to use them as computer game characters. every NFT typically differs in style and price. Mythical new launched marketplace permits players to shop for or sell their characters. The game remains within the beta section.