A web3 gaming giant, Mythical Games, is raising $50 million to expand in the decentralized gaming space. This follows the company’s announcements of initiatives to bring web3 to gamers. CEO John Linden reportedly visited Dubai to seek investors, and the company is considering raising $50 million.
At a valuation of $1.25 billion, Mythical Games raised $150 million in November 2021 from Andreessen Horowitz and others. Mythical Marketplace 2.0 is a new marketplace that makes decentralized gaming more accessible to gamers.
DMarket was secretly acquired by Mythical, which has been adding it to its marketplace platform. As a result of the upgrade, the new marketplace has processed more than 2 million transactions in the past six weeks.
Mythical game slate
Mythical Games has established a strong presence in the blockchain gaming industry with successful game launches and strategic partnerships with well-known brands.
Blankos Block Party, a game from Mythical Games, has already gained one million signups and is available on Epic Game Store. Besides NFL Rivals, the company has also teamed up with the popular NFL to produce a sports game. According to Mythical Games’ CEO, a soft launch is planned for next month, followed by a full launch a few months later.
In addition to creating successful blockchain-enabled games, Mythical Games has established partnerships that can help raise the company’s profile. Mythical Games has a proven track record of success in blockchain gaming.
Conclusions
The current tech and crypto winter expansion plans may be a positive sign for the decentralized gaming industry. A company that can still grow and expands will likely be appropriate for long-term success.
In addition, blockchain and cryptocurrency technology could gain mass adoption in gaming. As many gamers are already familiar with virtual currencies, their decentralized nature may align well with crypto’s decentralized nature. Thus, decentralized gaming could drive mainstream crypto adoption.
