HomeCrypto GamingStill a unicorn, Mythical Games raises $37 million

Still a unicorn, Mythical Games raises $37 million


US blockchain platform and sport writer Mythical Games has introduced new funding.

It’s raised $37 million in what it’s calling its Collection C1 spherical. The spherical is just not but closed with the corporate hoping so as to add as much as $30 million in funding from VCs and strategic companions with who it’s nonetheless negotiating.

This funding takes Mythical’s complete funding to round $300 million. The corporate says it’s additionally maintained a $1 billion valuation.

It beforehand raised $150 million in its Collection C spherical at a $1.25 billion valuation which was led by a16z in November 2021, whereas additionally asserting a $20 million funding from Scytale Digital in April 2023 when it dedicated to transfer its Mythos chain to Polkadot.

Studying between the strains, this latter $20 million quantity is included inside the newly acknowledged $37 million as Scytale Digital are main the C1, with new traders together with ARK Make investments, Animoca Manufacturers, PROOF, Stanford Athletics and MoonPay.

Current traders a16z, Gaingels, Signum Development, Struck Capital and WestCap additionally participated.

Considerably, Mythical Games states it expects to make use of these funds to realize profitability over the subsequent 12 months. Thanks primarily to its acquisition of CS:GO pores and skin market DMarket, Mythical is now producing greater than $1 million of product sales and has onboarded 2.5 million new customers to offer it a complete attain of over 20 million registered accounts.

It’s additionally simply launched cell sport NFL Rivals and is within the means of launching a lot anticipated cell racer Nitro Nations: World Tour.

And don’t miss out on any information from the blockchain video games area: observe us on Twitter and join with us on LinkedIn.


Please enter your comment!
Please enter your name here


IOTA Foundation’s Web3 Identification Solution Selected for European Blockchain Sandbox

The IOTA Basis’s Web3 Identification Solution has been chosen for the European Blockchain Sandbox program, signifying a serious development within the growth of Know-Your-Buyer...

Lotte and Hyundai Exit NFT Market as Korean Retailers Refocus on Core Business

A number of main retail firms in South Korea, similar to Lotte and Hyundai, have introduced their departure from the non-fungible token (NFT) market....

Former Goldman Sachs Exec Joins Anchorage Digital’s Board of Directors

Anchorage Digital is the one crypto financial institution at the moment chartered by the Workplace of the Comptroller of the Forex (OCC). Different establishments,...

Staked Crypto – A Step-by-Step Guide for Beginners

Ethereum staking has turn into an more and more standard approach for cryptocurrency holders to earn passive earnings by staking rewards. On this information,...

Most Popular