Mythical Games, an online gaming studio, announced that it had secured $16M from investors including Galaxy Digital, Javelin Venture Partners, and OKCoin.
The company plans on developing games that will enable players to own and customize their game assets. Unlike other online gaming companies, Mythical Games’ in-game assets will be owned by their players. Proof of ownership will be recorded on EOS blockchain.
The games will be built on EOSIO blockchain, which will also be open to developers to build games with play owned assets.
About the company
Mythical is led by a group of gaming industry veterans. Its chief executive officer is John Linden, a former studio head at Activision and president of the Niantic-acquired Seismic Games. The rest of its C-suite includes chief compliance officer Jamie Jackson, another former studio head at Activision; chief product officer Stephan Cunningham, a former director of product management at Yahoo; and head of blockchain Rudy Kock, a former senior producer at Blizzard — the Activision subsidiary known for World of Warcraft. Together, the team has worked on games including Call of Duty, Guitar Hero, Marvel Strike Force and Skylanders.
It’s no surprise investors are getting excited about the booming gaming business especially with the recent success of Fornite and other esport games that’s receiving a wide-adoption.
In total, VCs have invested $1.8 billion in gaming startups this year. It’ll be a matter of time before we see even more money being poured into gaming company.
It’s still too early to see what will happen with the blockchain and gaming ecosystem, but it is an exciting moment to be living in and we will be covering more about the gaming industry as soon as we receive more updates.