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Mythical Games Raises $19 Million in Anticipation of Its First Blockchain Game

sludgefeed.com 22 November 2019 05:10, UTC
Reading time: ~2 m

Mythical Games, a Los Angeles-based game studio that is developing games for the EOS (EOS) network, announced today that it has secured an additional $19 million in funding.

According to the announcement, the round was led by Javelin Venture Partners, with new investors including Avon Ventures, Alumni Ventures and Hashed as well as participation from current investors Galaxy Digital through its Galaxy EOS VC Fund and Struck Capital.

The new capital will reportedly go towards the development of Mythical’s blockchain gaming platform as well as dGoods, a new industry-wide initiative to help formalize the handling of digital items. Additionally, funds will be used to support the launch of the startup’s first game, Blankos Block Party, which was first teased last year.

“We are very excited with the support from our new and existing investors, team and board members,” said Mythical Games CEO John Linden. “We are well-capitalized to lead this evolution in gaming economics for PC, console, and mobile games bringing participation from players, brands, esports teams, and influencers directly into the game economics. We believe this new trend will come to dominate games and can’t wait to bring Blankos Block Party to market to show this new economy in action and share our platform with other incredible game studios around the world.”

Mythical Games now has 30 employees with backgrounds from a variety of major games including Call of Duty, World of Warcraft, Guitar Hero Live and Skylanders.

“Since investing in Mythical’s Series A round last year, we have been incredibly impressed by the team’s execution on the build-out of Blankos Block Party and the Mythical Platform,” added Alex Gurevich of Javelin Venture Partners. “The Blankos gameplay is fun, rich, and engaging. It demonstrates the enrichment player-owned economies can have on a game and we cannot wait for gamers to try it. It has been wonderful to see various large industry partners in the broader gaming and blockchain ecosystem embrace our approach. We are thrilled to lead this round of financing for Mythical Games to support their public launch.”

The startup previously raised $16 Million last year in Seed and Series A rounds in 2018, bringing the total raised to $35 million after the latest round.

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