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

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

Play-To-Earn Games News, P2E Games News | 08 May 2024 09:39 UTC

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

Explore More: Dive into a world of gaming at its most innovative. Discover additional games and read insightful reviews on our Games page. Stay current with the latest in crypto, NFT, and blockchain gaming, including play-to-earn and Web3 developments, by visiting our News page. For daily updates and all the latest content, make sure to check our Homepage.

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.

Find Play to Earn Games

Thank you for reading this PlayToEarnGames.com news story. We are the best place to find out what's new and exciting in the world of play-to-earn games. Our website has reviews, videos, and in-depth articles about the newest and most exciting P2E games for different platforms.

We give you all the information you need to make the most of your gaming time. For the games you have an interest, you can find information about game tokens, white papers, social media and sites.

We are proud to keep our readers up to date on the latest changes in the gaming industry, such as blockchain, non-fungible tokens (NFTs), crypto, Web3, and metaverse games. Check out our "Best Games" and "Game Lists" sections to find the best P2E games and developers. Visit our "Video Game News" area for daily updates on what's going on in the gaming world.

Send us a press release if you're putting out a game or have news about PlayToEarn games. Our team of committed PlayToEarn Game news reporters will be happy to cover your event. Our website and reviews of video games should help you find the best play-to-earn (P2E) games. We're glad you came to PlayToEarnGames.com. If you like to watch our gaming news videos list, you can check it here. Find your favorite Web3 game, check our web3 games list.

Want to stay updated about Play-To-Earn Games?

Join our weekly newsletter now.

See All
Discover Epic Ragmons in Ragnarok: Monster World - NFTs and More!

Discover Epic Ragmons in Ragnarok: Monster World - NFTs and More!

Get ready to meet the Ragmons, the new stars of Ragnarok: Monster World! These unique creatures will revolutionize your strategic tower defense battles. Divided into five rarities—Common, Rare, Epic, Legendary, and Mythic—each Ragmon boasts exclusive skills and movesets. Imagine creating diverse decks tailored to your strategies! At launch, expect 30-40 Ragmons, with new ones added every season to keep the gameplay fresh. Are Ragmons NFTs? You bet! They're available as off-chain characters and on-chain NFTs, making the game accessible for Web2 gamers while offering ownership options for NFT enthusiasts. The Web3 integration ensures balanced gameplay with no unfair advantages. Plus, you can convert off-chain creatures into NFTs! Collect and level up your Ragmons through exciting events, quests, Gacha, and Lottery events. Use the Level Up Merge feature to enhance your Ragmons' levels. Remember, merging isn’t always guaranteed, adding an extra layer of strategy to the game.

Read more
Wild Forest's Insane Pre-Release NFT Sale on Ronin Blockchain!

Wild Forest's Insane Pre-Release NFT Sale on Ronin Blockchain!

You won’t believe what’s coming! Wild Forest is about to drop its insane pre-release NFT sale on May 23rd, offering over 13,000 exclusive NFT packs. This web3-enabled RTS game on the Ronin Blockchain lets you build bases, gather resources, and crush opponents in a style reminiscent of classics like Warcraft and Starcraft. Dive into the action with Play-to-Airdrop events, where you can earn points on the "Honor Leaderboard" by advancing in the battle pass, owning Wild Forest NFTs, and engaging with the community. The market is buzzing with high demand for these NFTs, so don’t miss your chance to secure your spot and grab those Standard, Premium, and Founder packs. Join the Wild Forest revolution and gear up for this epic adventure in web3 gaming!

Read more
Param Labs Snags $7M for Kiraverse and Web3 Gaming

Param Labs Snags $7M for Kiraverse and Web3 Gaming

Param Labs just snagged a whopping $7 million in funding for their awesome web3 game, Kiraverse! This round was led by big names like Animoca Brands and Delphi Ventures, along with many other top-tier investors. The funds will boost Kiraverse and their innovative Pixel to Poly service, which converts 2D images into 3D avatars. Param Labs is on fire with over 2.5 million Twitter followers and 300,000 daily active users. And that’s not all! They’re building an Ethereum-based blockchain to revolutionize their gaming ecosystem. With strategic advisors and epic partnerships, Param Labs is set to redefine web3 gaming. Stay tuned for more exciting updates!

Read more

Play To Earn Games: Best Blockchain Game List For NFTs and Crypto

Play-to-Earn Game List
No obligationsFree to use