American gaming studio, Mythical Games, has set a goal to raise $50 million to increase its growth in the blockchain gaming industry.
About Mythical Games
Mythical Games is a video game development and publishing company based in Los Angeles, California. It was founded in 2018 by a team of experienced game developers, entrepreneurs, and investors. The company’s mission is to create and publish games that blend storytelling and gameplay in unique and innovative ways.
Mythical Games has also been working on developing and launching a blockchain-based gaming platform that will allow players to own and trade in-game items as unique digital assets on a blockchain. They have also created a cryptocurrency called “PLAT” to be used in their ecosystem.
In addition to developing its own games, the company also partners with other game development studios and content creators to create new and exciting gaming experiences. Mythical Games has also raised $75 million in funding from investors, such as Galaxy Digital, Javelin Venture Partners, and OkCoin.
Mythical Games’ CEO to source for $50 million from potential Dubai investors
Mythical Games has announced its plans to raise $50 million in a bid to further develop its presence in the Web3 gaming industry. To accomplish this goal, CEO John Linden has traveled to meet the gaming studio’s prospective investors in Dubai.
The funding round is not the only thing the game developer has in mind to expand its presence in the industry. It has also revealed the launch of a new marketplace known as Mythical Marketplace 2.0.
John Linden stated about this marketplace:
“Mythical’s Marketplace 2.0 was designed to not only enhance our platform but, more importantly, improve the player experience and set the standard for the future of gaming.’’
This comes after the studio acquired DMarket, a marketplace that offers virtual player skins and NFTs.
The new marketplace is a product of technologies from both Mythical Games and DMarket. Mythical Marketplace 2.0 uses the studio’s L1 Ethereum Virtual Machine network and operates on Mythos’ native currency, MYTH.