Mythical Games raises $150 million at $1.25 billion valuation

Mythical Games raised $150 million to launch the multiplayer game Blankos Block Party with non-fungible tokens (NFTs), as well as a platform for building similar applications, according to VB.

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The Series C funding round was led by prominent venture capital firm Andreessen Horowitz. It drew participation from crypto exchanges FTX and Binance, as well as D1 Capital, RedBird Capital and The Raine Group.

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The valuation reached $1.25 billion. The round followed four months after the startup raised $75 million.

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The company is widely regarded as a pioneer of the idea of “gaming NFTs” used to authenticate unique digital assets.

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“We did not plan to seek financing, but Andreessen came to us and assembled the round. It was great. For us, it is a great honour to be in its portfolio,” said Mythical CEO John Linden.

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“We are going to enter the space with one of them and want to have the appropriate infrastructure to launch online games with millions of players,” he added.

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Ubisoft, the French giant known for the Assassin’s Creed and Far Cry series, announced the development of blockchain games based on the Play-to-Earn concept, Play-to-Earn.

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Earlier the company became a validator on the Tezos network.

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