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Mythical Games Secures $37M Funding Amidst NFL Rival’s 1M Downloads

Mythical Games Secures $37M Funding Amidst NFL Rival’s 1M Downloads

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Mythical Games, the developer of Blankos Block Party and NFL Rivals web3 games, remains unicorn with the latest funding round.

Mythical Games, the proud developers of NFL Rivals and Blankos Block Party, has successfully secured 37$ million in Series A funding round. The dominating firm further seeks $20–30 million in value to be made public later this year. According to a statement from Mythical Games, the funding will allow to carry out Mythical ambition of providing creativity to video games through Web3 infrastructure. Scytale Digital served as the lead investor in the Series C1 expansion round. Other new investors included ARK Invest, Animoca Brands, MoonPay, Proof, and Stanford Athletics. This round also included previous investors Andresseen Horowitz, WestCap, Struck Capital, Signum Growth, and Gaingels.

More Funding in the Works for Mythical Games

The CEO and co-founder of Mythical Games, John Linden, stated that some of the key investors for the round are still in deals and that a second closure is expected for later in 2023.

In November 2021, the company raised a $150 million Series C financing led by Andreessen Horowitz, which gave it a $1.25 billion “unicorn” valuation. Since “a lot of the conditions are very similar” to the Series C, Mythical decided not to issue a Series D this time around, according to Linden.

Our focus is getting to profitability, and we believe this round is what it does,” Lindsen said. “We think within 12 months, we can be profitable off of what we’re doing.”

NFL Rivals Surpassed 1 Million Downloads

NFL Rivals, a mobile game with an official license from Mythical Games, surpasses 1 million downloads as of latest news. The NFT-based professional players are supported in the mobile game and can be traded. However they are an optional component that are not included in the app directly. NFTs are not required to play, but Linden noted that a digital wallet is instantly established for each user if they later decide to purchase or trade NFTs.

Linden said: We made sure to target a massive audience because a lot of people are still unaware of Web3. They find it difficult to understand the mechanism of personal keys. NFL Rivals intends to gradually add more Web3 components to the gameplay and perhaps encourage people to explore such capabilities. One such feature is bids, which will allow NFT traders to make offers for player cards. This action could encourage other players to consider the advantages of owning and trading commodities. The CEO and co-founder of Mythical Games continued by adding: “If you’re suddenly sitting on a Patrick Mahomes card, you might not know that it’s fully tradable and sellable right when you first get it. But if somebody says, ‘Hey, I’ll give you $100 US for that card because I want it for my collection,’ it’s going to educate people very quickly.”

Mythical plans to Integrate NFT Marketplace into the NFL Rivals App

In addition, Linden explains Mythical is in talks with Apple and Google about the prospect of integrating the NFT marketplace seamlessly into the NFL Rivals app, which will be difficult with the varrying stance by the tech behemoths on NFTs. In-app purchases from Apple and Google includes a hefty fee of up to 30%, which is not feasible with Web3.

Actually, Mythical has been collaborating with both app stores on integrating the marketplace into the game. They have come a long way with it.

With the upcoming new season later this summer and the upcoming NFT-driven mobile drag racing game Nitro Nation World Tour, Mythical continues to promote NFL Rivals. As previously mentioned, The Mythical Chain is also planning to move to Polkadot. It will the remainder of 2023 very crucial time for the firm. In 2021, Mythical Games secured $150 million from Andreessen Horowitz, followed by another $75 million. According to the release, the firm estimates at $1.25 billion after raising $150 million. It still holds a value of more than $1 billion following the second investment round.

“NFL Rivals and the release of Nitro Nation World Tour expects to generate over 10 million user accounts throughout Mythical’s whole game portfolio by the end of 2023.

More About Mythical Games

Mythical is a dominating firm developing next-generation gaming technology that is building a web3 gameplay environment by using interactive NFTs and blockchain technology for tools that let users, producers, artists, marketers, and game developers participate in and control new “play and own” game financial markets.

The team, which is led by veterans of the gaming industry, specializes in creating games with player-owned economics and has worked on such well-known titles as Call of Duty, World of Warcraft, Guitar Hero, DJ Hero, Marvel Strike Force, and Skylanders. Mystical platform offers a custodial wallet to safeguard players who may be unfamiliar with blockchain technology. It will give more experienced players the opportunity to connect their own wallets via links between the Mythical Games’ Chain and public mainnets.

Mythical Games, the developer of Blankos Block Party and NFL Rivals web3 games, remains unicorn with the latest funding round.
Mythical Games Secures $37M Funding Amidst NFL Rival’s 1M Downloads 2

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Mythical Games Secures $37M Funding Amidst NFL Rival’s 1M Downloads

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Mythical Games Secures $37M Funding Amidst NFL Rival’s 1M Downloads

P2E News, short for “Play-to-Earn News,” is a category of updates and information within the broader spectrum of Crypto News, Web3 News, NFT News, and Blockchain News. These terms are all interconnected and represent various facets of the rapidly evolving digital landscape.

Play-to-Earn (P2E) is a gaming model that has gained immense popularity within the crypto and blockchain communities. In P2E games, players can earn cryptocurrencies or NFTs by participating in the game, often through activities like completing quests, collecting items, or trading assets. P2E News covers developments, announcements, and trends related to these innovative gaming experiences that allow players to monetize their in-game efforts.

Crypto News, on the other hand, focuses on the broader world of cryptocurrencies, including Bitcoin, Ethereum, and a multitude of altcoins. This category encompasses news about market trends, regulatory changes, new blockchain technologies, and updates related to various tokens. Crypto News is a fundamental aspect of the blockchain ecosystem, as cryptocurrencies serve as the primary means of value transfer and exchange within the Web3 space.

Web3 News is an umbrella term that refers to the next-generation internet, often characterized by decentralized applications, blockchain technology, and smart contracts. The Web3 ecosystem seeks to provide a more user-centric and decentralized internet experience. This category of news covers developments in decentralized finance (DeFi), non-fungible tokens (NFTs), and various other applications built on blockchain technology. For the ultimate and best play to earn games list, check our friends of playtoearngames.com.

NFT News focuses on Non-Fungible Tokens, unique digital assets that are indivisible and represent ownership of a specific item, artwork, or collectible. NFTs have gained prominence in the art world, gaming industry, and entertainment sector. NFT News keeps enthusiasts informed about NFT sales, new projects, and partnerships within the NFT space.

Blockchain News pertains to the foundational technology behind cryptocurrencies and Web3 applications. Blockchains are decentralized ledgers that record transactions across a network of computers, ensuring transparency and security. Updates in this category might include innovations in blockchain consensus mechanisms, interoperability between different blockchain networks, and industry applications beyond cryptocurrencies.

In summary, P2E News is a niche subset of Crypto News, Web3 News, NFT News, and Blockchain News. It focuses on gaming experiences where players can earn cryptocurrencies or NFTs, while the other categories encompass a broader range of topics within the decentralized digital landscape, including cryptocurrencies, web3 technologies, NFTs, and blockchain advancements. Collectively, these categories shape the landscape of the digital economy, offering insights into how technology is revolutionizing various aspects of our lives.