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Thursday, November 22, 2018

Mythical Games raise $16 million for future games

Mythical Games next-generation game studio that specialises in building major game IPs and a digital ecosystem around player-owned economies, announce it has secured $16 Million in its Series-A round.

The funding will support the company’s first-to-market plans to develop and co-produce a slate of high-quality game titles on mobile PC and console. Built around new player economies and user-generated content. The investment was led by Galaxy Digital’s EOS VC Fund, with significant participation from Javelin Venture Partners as well as DDC, Fenbushi, Noris, and OkCoin joining the round.

Headquartered in Los Angeles, Mythical Games believes future game entertainment will depend on closer ties between players, content creators, brands and developers. The team looks to innovate through providing their proprietary Mythical platform to top developers to help build player-owned economies on popular blockchains initially focused on the EOSIO blockchain. They will also focus on producing new tools for content creators and brands to customize and provide ownership of game assets.

The company was founded earlier this year by its CEO John Linden (Studio Head at Activision), CCO Jamie Jackson (Studio Head at Activision), Head of Blockchain Rudy Koch (Senior Producer at Blizzard), and CPO Stephan Cunningham (Director, Global Product Management at Yahoo!). They have all previously led world class development teams for gaming brands including Call of Duty, World of Warcraft, Guitar Hero Live, Marvel Strike Force, Skylanders, and more.

Sam Englebardt, Head of Principal Investments for Galaxy, said, “We launched Galaxy’s EOS VC fund with our partners at in order to back exceptional founders who have the vision and experience to build EOSIO-enhanced businesses that are highly scalable and capable of transforming consumer understanding and adoption of the blockchain. John, Jamie and the rest of the team at Mythical couldn’t be a better fit; their combination of deep expertise across all aspects of gaming and the blockchain, and their long track record of entrepreneurial success, make us excited to partner with them.”

Added Michael Novogratz, CEO and Founder of Galaxy Digital, “We believe that gaming - and specifically players’ interaction with in-game economies and virtual goods – will play a key role in how the masses first discover the true potential of the blockchain. Mythical’s experience building rich and immersive game worlds will be invaluable to this mission.”

“The investment from Galaxy, Javelin, and our other new investors will allow us to ignite a new approach to developing games, giving players and content creators a bigger stake in the games they love,” commented Mythical Games co-Founder and CEO, John Linden. “We believe these new economics will come to dominate gaming, resulting in an even bigger addressable market for the industry.”

The Mythical Games’ board of advisors include Adam Bain (former President / COO, Twitter), Adam Struck (Managing General Partner of DDC Fund and Struck Capital), Ben Esplin (Partner at Sheppard Mullin), Kent Wakeford (former COO of Kabam, COO of Gen.G eSports), Nigel Daly, OBE (Former Chairman of BAFTA, President of Screen International - USA) and Michael Cudlitz (Actor, The Walking Dead / The Kids are Alright).

Mythical Games will announce its initial game slate soon.

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