The NFT game developer Mythical Games is considering raising an additional $50 million. The Block reports.
According to the publication, CEO John Linden intends to seek funding during meetings with investors in Dubai. In August 2021, the company closed a Series C round for $150 million at a valuation of $1.25 billion. It was led by venture capital firm Andreessen Horowitz.
On January 25, 2022, Mythical Games announced the launch of the new marketplace Mythical Marketplace 2.0 and the acquisition of the startup DMarket — a blockchain-based gaming marketplace.
The team integrated DMarket technologies to implement the principles of a combined payment gateway with an anti-money-laundering and fraud-protection system.
“[…] Marketplace 2.0 provides a seamless user interface that enables peer-to-peer transactions and expands opportunities for gamers looking to participate in the gaming economy of the future,” the press release states.
In December 2022, the NFT-game developer filed a suit against former top executives, accusing them of breaches of fiduciary duties in raising $150 million for its own project.
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