Today Mythical Games announced it raised a $150 million Series C round led by Andreessen Horowitz, just four months after its $75 million Series B. The company is both a game developer and created the Mythical Platform to enable others to develop blockchain games that use non-fungible token (NFT) assets and a play-to-earn model. This gives game players the ability to sell in-game assets or digital assets earned while playing.
Its first game is Blankos Block Party and earlier this week, it revealed its first game developer partners as Creative Mobile, CCG Lab and Abstraction Games.
“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.”
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