E.g., a CCG Lab digital trading card game with a strategy game will be launched for Nitro Nation’s collection.
With the mythical medium unfreezing the player’s fiscal worth, game creators can earn real-time rewards and collectibles that can be sold to enthusiasts in the game for real currency. Moreover, Mythical-built games are authentic, and are supported by secure monetary exchanges.
Facilitating game programmers by establishing a bridge that connects the Mythical Chain with a public blockchain, such as Ethereum, can be worthwhile – programmers can establish links between their wallets.
Moreover, developers can enhance user engagement by becoming shareholders in their preferred games.
The first developer partners to the platform, Creative Mobile, CCG Lab and Abstraction Games, were announced earlier this week.
Games on the Mythical Platform unlock the value of a player’s monetary and time-based efforts, or the rarity of their collection, by providing a way for them to sell their digital assets to other players for real money, in safe and secure transactions on the Mythical Marketplace.
“Players spend billions of dollars on digital assets each year, but the value of their collections has been locked away from them. Utilizing NFTs in gaming creates a whole new set of game design principles built around scarcity vs.
inflationary free-to-play economies,” said John Linden, co-founder and CEO of Mythical Games. “As gamers and collectors ourselves, we believe players should have tangible assets that they earn and buy.
These will include Blankos Block Party, and D1 Capital, along with other notable players in Series C.
Along with NFL and One Republic leader Ryan Tedder, there will also be other entertainment brands propelling the finance.
Blankos Block Party game had early access with Mythical Games around the beginning of 2021. In Blankos Block Party, custom crafts and layout enhance the multiplayer experience.
In addition, a variety of Blankos also adds to the experience. Users can increase leverage when exchanging Blankos on the Mythical Market.
Mythical hinted that the Monetary Engine and Commerce will be licensed.
This was announced at a primary developer partnership announcement.
It may secure some revenue streams through sponsoring new plays under collaborations.
The Mythical Game protocol will open the door to any user via its platform built on NFTs and blockchain technology. With time, we would see users utilize the platform to earn from playing the best NFT games.
General partner of a16z, Arianna Simpson, also spoke about the platform’s development in the Mythical Games’ press release.
“Mythical Games played a formative role in the development of play-to-earn concepts, and has clearly established itself as a top player among gaming technology studios, attracting mainstream players with its distinctive design and quality game,” Arianna disclosed.
In addition, Polystream’s technology delivers this experience on CPU cloud hardware, allowing us to scale faster, and at a fraction of the cost of cloud streaming platforms.”
Polystream’s headquarters in Guildford UK will provide Mythical with a European hub that will become the epicenter for cloud-native, blockchain-based technology and games, and Polystream co-founders Bruce Grove and Adam Billyard will become part of the senior leadership team.
“Our mission, from day one, was to disrupt everything we know about cloud native gaming.
Polystream, whose interactive streaming platform transforms how real-time 3D content is streamed at scale. Polystream’s breakthrough technology seamlessly delivers everything required for outstanding interactive 3D consumer entertainment, enabling gamers and non-gamers alike to instantly engage with the content they love, without the need for massive game client downloads.
The acquisition follows Mythical’s Series C raise in November 2021 of $150m at a $1.25b valuation, led by Andreessen Horowitz, and the announcement of the first developer partners signed to the Mythical Platform.
Leveraging the Polystream cloud-native infrastructure as well as its own proprietary economic engine, Mythical aims to decentralize how game publishing works and more fully bridge the gap between blockchain and mainstream gaming.
In an interview with GamesBeat, CEO of Mythical Games, John Linden, disclosed that the funding round was impromptu. However, he asserted that the funds would go a long way in developing the platform’s ecosystem.
“We weren’t planning on raising and Andreessen came to us and put together a round for us, which was great,” John Linden told GamesBeat. “We’re very honored to be a portfolio company of Andressen Horowitz.”
Mythical Games is a renowned name in gaming technology that creates a unique gaming ecosystem by utilizing blockchain technology combined with NFT GameFi. The platform ensures that players, artists, brands, game developers, and creators have freedom and ownership through custom Play-to-Earn gaming economies.
Sherman Oaks-based gaming giant Mythical Games announced Thursday that it raised $150 million in a Series C round led by Andreessen Horowitz. The fresh injection of capital comes less than four months following Mythical’s Series B and cements its status as a unicorn with a valuation of $1.25 billion.
The raise features an illustrious group of investors including The Chainsmokers’ Mantis VC, Ryan Tedder of OneRepublic, Michael Jordan and the investment arm of the National Football League.
Mythical launched in 2018 with a mission to change the way digital assets are owned in video games.
The company believes in a player-based economy where creators, brands, developers and publishers all own digital gaming assets, rather than just a handful of gaming executives at the top.
Now the gaming giant is receiving a fresh investment to support its vision.
“Players spend billions of dollars on digital assets each year, but the value of their collections has been locked away from them,” John Linden, co-founder and CEO of Mythical Games, said in a statement.
Following the free-to-play revolution brought on by games like Fortnite, the way gaming studios make money has changed significantly. Studios have started to introduce in-game purchases to keep gamers hooked on a title for a lot longer, and, as a result, spend more money.
Things were much simpler prior to the free-to-play revolution. A gamer would typically pick up the latest release, speed through it and pick up another one, usually from another gaming studio.
Mythical is revolutionizing the gaming industry by making its in-game assets available to purchase via blockchain.
The company leverages blockchain technology and playable NFTs to create a universal gaming system that enables players to become stakeholders. Gamers on the platform are rewarded for their time-based efforts and they can spend their in-game capital on additional content.
“Utilizing NFTs in gaming creates a whole new set of game design principles built around scarcity vs.
inflationary free-to-play economies,” Linden said.
Mythical’s team of gaming industry veterans have worked on several major franchises including Call of Duty, World of Warcraft and Guitar Hero, among others.
“As gamers and collectors ourselves, we believe players should have tangible assets that they earn and buy,” Linden continued.
Following the latest raise, Mythical plans to continue growing its headcount of more than 150.
Led by Andreessen Horowitz.
Mythical Games announced another round of funding to the tune of $150 million in Series C financing, bringing the company’s total valuation to $1.25 billion. Mythical Games hopes to bring playable NFTs to the mainstream audiences, as well as concepts like play-to-earn, where players are provided ways to sell their digital assets in a safe, secure manner.
“Players spend billions of dollars on digital assets each year, but the value of their collections has been locked away from them.
Utilizing NFTs in gaming creates a whole new set of game design principles built around scarcity vs. inflationary free-to-play economies,” said John Linden, co-founder and CEO of Mythical Games. “As gamers and collectors ourselves, we believe players should have tangible assets that they earn and buy.
Besides this, content creators, influencers, eSports teams can also unlock the business models.
And the best part? The latest game developers are protected through a private sidechain that is EVM-compatible.
Chief Executive Officer at Mythical Games has stated that players spend thousands and thousands of dollars annually on digital gaming, but they don’t get any value from all that spending.
With NFTs in gaming, there will be an overall new concept of game design centering around scarcity as opposed to F2P games that are inflation-driven, from an economics standpoint. Mythical Games’ Chief Executive Officer John stated during the company’s new release.
A16z’s, Arianna Simpson, implies that Mythical Gaming made its contribution to P2E concepts.
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