Mythical Games, a game studio specialising in innovative gaming experiences, has recently announced the start of a private capital raise to fund its upcoming project. The company is looking to raise $0.75M and will publicly announce its fundraise’s close in the coming weeks. This fundraising endeavour follows closely on the heels of Mythical Games receiving investment from Legendary Entertainment back in January and hiring David Brevik, former CEO of Gazillion Entertainment and co-creator of Diablo, as its Chief Operating Officer in 2019.
So why did Mythical Games opt to raise money for this project? In an interview with GameIndustry.biz back in March, CEO John Linden explained that it was part of their overarching strategy to build a lasting digital world – something bigger than just one game – and that it required both financial investments as well as finding “talented people who share our vision for decentralised gaming.” He further elaborated that additional funding allowed them to hire more experts to help develop their card game “Blankos Block Party” and recruit new team members who could work on developing value-adding tech such as asset trading systems and RareBreed (their blockchain solution).
Ultimately, Mythical Games decided that raising funds would help them carry out shorter-term goals such as developing Blankos Block Party and provide economic strength for building out larger projects such as a decentralised gaming platform in the future.
Mythical Games raises $75M for Blankos Block Party game and playable NFTs
Mythical Games is a leading gaming technology company based in Los Angeles, California. Founded in 2018, the company’s mission is to create viable, science-based, blockchain-secure, user-friendly, and highly entertaining games.
Recently, the company announced that they had raised $75 million in funding to further develop their upcoming game, Blankos Block Party. This is an exciting endeavour for the gaming industry, as it is the first game to be powered by non-fungible tokens (NFTs).
In this article, we will explore the rationale behind this funding and the potential implications of this ambitious project.
History of Mythical Games
Mythical Games was founded in June 2018 by veteran executives from the interactive entertainment and digital sports industries. The company is dedicated to developing games that combine esports’ skill, strategy and passion with digital asset ownership, blockchain technologies, and 21st century gaming economies.
The mission of Mythical Games is to create interactive entertainment experiences that are among the best in the world and challenge players who love competition and those just looking for fun. The team at Mythical Games sees playing video games as an opportunity to express oneself and connect with friends, share experiences, join meaningful communities, and be part of something larger than themselves.
With this mission in mind, Mythical Games sought ways to leverage cutting-edge technologies such as blockchain and cryptocurrency while creating immersive gaming experiences that foster deeper relationships between players worldwide. As a result, they decided to raise money for their projects through an Initial Coin Offering (ICO) which enabled participants from everywhere on the planet to collaborate on game development via a shared ownership stake in virtual items created in each title.
Overview of Mythical Games’ products
Mythical Games is a technology company headquartered in Los Angeles that innovates games, platforms and tools to revolutionise the gaming landscape. The company’s vision is to create an expansive gaming ecosystem that captures the continuous growth in consumer demand for engaging immersive experiences.
To achieve this vision, Mythical Games has a passionate team of industry veterans and cutting-edge game developers working on developing innovative products such as Plasm Network, Blankos Block Party, Builderverse and Dungeon Crawlers.
Plasm Network is a decentralised blockchain platform enabling users to develop Next-Generation games that are highly scalable, secure and reliable. Blankos Block Party is an imaginative, living toy collective of thousands of unique customizable 3D digital characters held to real world value through blockchain technology. Builderverse is a platform for developers with deep game mechanics systems for game development, enabling game makers and content creators opportunity for discovery with faster, more unified development studios. Finally, dungeon Crawlers is an action role-playing video game where players explore dungeons and fight monsters.
Mythical Games recently secured $19 million in Series A venture capital funding from notable investors including WXR Fund, gumi Cryptos Capital, Galaxy Digital Ventures among others to continue evolving their suite of products towards mainstream adoption. As avid gamers themselves. They believe innovative games coupled with groundbreaking technology will drive the future of interactive entertainment across all mediums including mobile devices, PCs and Console systems.
What is Blankos Block Party?
Mythical Games recently raised $75M to launch Blankos Block Party, a new game that encourages people to create and own new unique NFTs.
The game allows people to virtually customise their 3D avatars, or “Blankos”, and trade them with others. It is built on a public blockchain where players can earn rewards and store their collectibles on their accounts.
This revolutionary concept has caught the attention of investors and gamers, alike.
Overview of the game
Blankos Block Party is an open-world, multiplayer game developed by Mythical Games.
The game includes nonstop parties, whimsical customizable characters called “Blankos”, and exciting world-building opportunities. Players are taken on a journey through their custom city and will use the power of their Blanko pals to battle it out on the dance floor, enjoy mini-game activities, collect loot crates, build awesome hangouts and more!
Mythical Games chose to raise money for this project because they believe in providing players an engaging experience full of fun and creativity. In addition, they want to inspire players worldwide by creating a gaming culture that celebrates expression and encourages one another’s uniqueness.
Blankos Block Party has been designed with player engagement in mind. The game is free-to-play with optional purchases that enable players to customise their gamescapes even further. Mythical hopes that Blankos Block Party will be widely adopted by players who thrive on creative freedom and seek out unique experiences within virtual worlds.
Features of the game
Blankos Block Party is the first ever multiplayer “toy-to-life” game that combines vibrant miniatures, building blocks, unique collectibles and sought-after characters. In addition, the game features brick building and tech elements that create an ever-evolving virtual world in which players build, customise, protect and compete.
At its core, Blankos Block Party is a battle royale style sandbox game with PvE content alongside PvP activities like “Olympix” mini-games. Players can pick their favourite characters to represent them within a gaming universe where each Blanko expresses their personality in character customization options of clothing, weapons and even emotes.
Within the digital gaming world, players can build their dream home environments out of +1 billion combinations of blocks from ”The Hub”. They can also construct expanding zones for friends to team up as they collect items like rarities from limited edition figures and more from Limited Edition “Blankopaloozas” run across the digital map of Parkii View Heights.
Players can socialise through exciting events like player created tournaments or four player parties with uniquely designed private party lobbies full of interactive mini games ranging from bowling to hockey plus other dynamic colouring books spread across the map. The Blankos combine real world block construction elements with unique personalities allowing them to express themselves in their special way while engaging in fast paced bouncing action against enemies through cleverly placed energy fields on specific objectives or just having friendly competitive fun against friends!
What is a Playable Non-Fungible Token (NFT)?
Mythical Games recently raised $75 million to fund its new game, Blankos Block Party, and its associated Playable Non-Fungible Token (NFT). The fundraising round was a success, but many people are still left wondering what an NFT is and why a gaming company would be interested in using it for their game.
This article will explain what a Playable Non-Fungible Token (NFT) is and how it can be used in the gaming industry.
Overview of NFTs
Non-fungible tokens (NFTs) are a type of blockchain-based asset representing ownership of digital items such as in-game collectibles, virtual art, and digital real estate. Unlike the fungible tokens typically used for cryptocurrencies like Bitcoin and Ethereum, NFTs are unique and one-of-a-kind, meaning they cannot be replaced.
NFTs can be used to create or extend the gameplay experience by enabling players to purchase virtual goods or content (i.e. trading cards). In addition, players can also monetize their gaming experience by selling unique NFTs on blockchain networks like Ethereum and Polygon. This could create a new digital economic system within the gaming industry as players can sell their collectibles for real money.
Why did Mythical Games choose to raise money for this project? Mythical Games is focused on creating true item ownership in gaming with their PLAYABLE NFT platform. Utilising these NFTs will give gamers full control over what they own in a safe and secure environment with proof of ownership stored on the blockchain. This will build trust between game developers and gamers while opening up many possibilities inside and outside gaming that have never been explored.
Benefits of using NFTs
Non-Fungible Tokens (NFTs) have become increasingly popular in the game industry. An NFT is a digital asset that is unique and immutable, meaning it cannot be destroyed, copied or replaced with a different asset. As such, it has become a powerful tool for game developers who want to create immersive experiences, securely offer digital assets, and monetize them. This explains why Mythical Games chose to include NFTs in their fundraising model.
There are numerous advantages of using an NFT system that make it attractive to game developers seeking to start a project quickly and efficiently:
1. Secure asset storage – A safe and secure storage system allows individual players or game developers to store assets without fear of malicious intent from hackers or cybercriminals. For example, Mythical stores armies with stats and attributes on their blockchain ledger for virtual world gamers, ensuring that the assets remain secure and always accessible.
2. Positive ownership experience – With the help of the Ethereum network, Mythical can give each player full ownership over items stored in their wallet, giving them confidence in the long-term value of the items they’ve earned or purchased throughout their gaming career.
3. Monetization strategy – Platforms like OpenSea allow dominant players in high demand games with strong virtual economies to collect real monetary value for their digital masterpieces through peer-to-peer buying and selling on their universal marketplace without involving middlemen or other external third parties.
Overall, an NFT system has numerous benefits that could help develop and utilize virtual worlds by allowing these environments to reflect real world values while delivering a safe user experience and potential monetization opportunities for gamers seeking real world returns playing games within artificial environments.
Why did Mythical Games choose to raise money for this project?
Mythical Games recently raised $75 million for its new game, Blankos Block Party, and its playable non-fungible token (NFT) project. This large sum of money was raised to fund the development and marketing of the game and the NFT project.
It’s clear that Mythical Games is making a significant investment into this project, but what is the reasoning behind it? First, let’s explore why Mythical Games chose to raise money for this project.
To fund the development of the game
Mythical Games is a video game development studio that has recently completed a major fundraising round. The funds will be used to develop the studio’s next title, “Spellslingers.”
Mythical Games chose to raise money for the project because it needed the additional funds to achieve its ambitious goals for the title. The studio wanted to create an innovative gaming experience, with cutting-edge graphics, engaging storylines and advanced gameplay mechanics. To realise this vision, Mythical Games needed more than just the typical indie game budget, and thus decided to seek outside funding sources.
By raising money for Spellslingers through investors, Mythical Games could acquire resources that would have otherwise been out of reach within its budget range. This included access to advanced graphics software, state-of-the-art gaming engine technology and talented designers needed to create high-quality features for the game.
Beyond providing necessary resources and development tools, raising money allowed Mythical Games to make significant investments in marketing campaigns designed to reach its audience and build anticipation before Spellslingers released into fully fledged early access form. Securing funding through investors ensured that a portion of resources could be dedicated to these efforts without taking away from actual game development budgets or sacrificing strategies such as user testing or quality assurance programs to improve gameplay quality before Spellslingers’ official launch later this year.
To create a marketplace for NFTs
Mythical Games has chosen to raise money through investments and crowdfunding to create a decentralised marketplace for Non-Fungible Tokens (NFTs). NFTs are digital assets on the blockchain, and they’ve grown in popularity in recent years.
The Mythical team believes that NFTs can greatly impact the gaming industry by providing unprecedented levels of ownership and control to token holders.
By raising funds from investors and launching their crowdfunding effort, Mythical Games will be able to build a platform where NFTs can be securely exchanged, creating an open, secure marketplace. The company also plans to provide education about the benefits of using blockchain technology and tools for developers and game creators who want to integrate blockchain into their projects.
With this marketplace for NFTs, Mythical hopes to open up new opportunities for people worldwide.
To create a social gaming platform
Mythical Games aims to build a future-generation social gaming platform seamlessly integrated into a single digital universe. This platform will allow player communities to build games, share experiences and collaborate in a much larger online world. To make this vision a reality, Mythical Games sought the support of multiple investors to bring the project to life.
The game studio raised $19 million in its most recent funding round, bringing its total capital raised since its launch in 2018 to over $40 million. The money will be partly used to continue developing Mythical flagship project Blankos Block Party. The game studio has also said part of the funds will go towards expanding their team across multiple disciplines and deepening their partnership with Unity Technologies for advanced 3D engine development.
By gathering expertise from multiple areas such as technology and gaming, Mythical Games can create an immersive social gaming platform into which players can enjoy and invest their time. Furthermore, expanding their partnership with Unity Technologies allows them access to advantageous tools for 3D engine development used by many developers and further enhances the expected user experience on the platform.
Overall, gathering support through fundraising enables Mythical Games’ project reach goals beyond what would have been possible otherwise and creates longevity for Blankos Block Party and other future projects from Mythical Games.
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