Mythical Games, the prominent Web3 gaming studio, has reached a significant milestone by securing $37 million in funding for the initial phase of its Series C extension round. The capital influx was led by Scytale Digital, a leading digital asset manager, with contributions from renowned investors including ARK Invest, Andreessen Horowitz, and Animoca Brands. This additional funding further solidifies the trust and support for Mythical Games, following the successful $150 million Series C round held in November 2021, which propelled the Seattle-based firm into the “unicorn” club with a valuation of $1.25 billion. Mythical Games plans to conclude the extension round later this year to secure an additional $20 million to $30 million in capital.
Mythical Chain and Mythical Marketplace Drive Success
A key driver behind the success of Mythical Games is its unique Mythical Chain blockchain and gaming ecosystem, accompanied by the Mythical Marketplace. These innovative platforms have given rise to popular blockchain-based games such as NFL Rivals and Blankos Block Party, which have taken the gaming world by storm. Notably, the NFL Rivals game has gained immense popularity, surpassing one million downloads just two months after its launch.
John Linden, the CEO of Mythical Games, emphasized the company’s unwavering commitment to its vision and strategy. He stated, “Mythical continues to focus on creating the best games and building a dynamic marketplace that brings players and stakeholders directly into the game economies.” Linden also highlighted the company’s impressive achievements, including “over a million mobile downloads of NFL Rivals since its launch last month” and “averaging over $1 million in daily transactions via the Mythical Chain.”
Referring to past successes, Linden added, “Last year, thanks to Blankos Block Party, Mythical Games was one of the few Web3 games to reach over one million player accounts.” The CEO concluded with ambitious expectations for the future, stating, “By the end of 2023, we anticipate over 20 million player accounts across our entire game portfolio, driven largely by NFL Rivals and the upcoming release of Nitro Nation World Tour. This demonstrates not only the recent accomplishments but also the continued interest in and dedication to this new frontier of game economies.”
NFT Rivals, one of Mythical Games’ standout offerings, supports NFT-based pro players available for trading. However, this feature remains optional and does not require players to possess a crypto wallet or NFTs. According to Linden, the system automatically creates a wallet for players, making it accessible for those who are interested in exploring the world of NFT trading in the future.
With its fresh funding, Mythical Games is poised for further growth in the Web3 gaming landscape. The company’s progress will undoubtedly be closely monitored as it pursues its profitability goals and potential Series D fundraising.