Mythical Games, a Seattle-based Web3 gaming studio, has raised $37 million in the first half of its Series C expansion round. Scytale Digital led the newest investment round, which included participation from significant investors, such as Andreessen Horowitz, ARK Invest, and Animoca Brands.
Mythical Games has advanced significantly in the Web3 gaming sector, thanks to the inspirational guidance of co-founder and CEO John Linden.
Major companies in the gaming and cryptocurrency industries have taken notice of the company’s focus on blockchain technology and invested in its revolutionary gaming environment, which includes the Mythical Chain and Mythical Marketplace.
NFL Rivals: A Million Downloads Fuelled by Growth & Innovation
NFL Rivals, a well-known blockchain-based game under the wings of Mythical Games, has completed some major accomplishments. NFL Rivals passed one million downloads in just two months after its release! This milestone highlights both the enormous potential of Web3 gaming and the rising demand for blockchain-based gaming experiences.
By playing NFL Rivals, you can be a football general manager and enjoy playing football by focusing on the importance of blockchain technology! With the football card game, you can unlock your favorite football players, set your lineups, and gear up in your Squads.
Future Plans and Success of Mythical Games
The gaming company hopes to streamline its business operations and attain profitability in 2023 with the help of this latest infusion of money. According to John Linden, the funds raised will mostly be used for platform improvements, infrastructure development, and the release of new games that are in the company’s pipeline. These tactical purchases will help create cutting-edge player experiences and further consolidate Mythical Games’ position as a market leader in Web3 gaming.
A record-breaking $200 million in financing was raised by Mythical Games throughout 2021. This includes the recently concluded $150 million Series C round from November, which placed a tremendous $1.25 billion valuation on the business. A further $20 million to $30 million in funding is sought in the current Series C expansion round, which is anticipated to conclude later this year.
About Mythical Games
Mythical Games is well-known for its blockchain-based game Blankos Block Party in addition to NFL Rivals.
Aston Martin, Pagani, and Jaguar are just a few of the famous vehicle manufacturers that will appear in the upcoming racing game Nitro Nation World Tour. Players will be able to gather virtual vehicles as they compete in races around the globe in the game, which is scheduled for release in late July.
Additionally, the company is working hard to provide new Mythical Marketplace features, such as the addition of an in-game market for NFL Rivals. Players will have improved possibilities to interact with and do business inside the Mythical Games ecosystem when these changes launch, which is anticipated to happen in the upcoming months.