Next-generation game technology studio Mythical Games arrived on the mainstream gaming scene with a bang. The studio secured $16 million in funding in a Series-A round led by Galaxy Digital’s EOS VC Fund. Other participants in the fundraiser were Javelin Partners, Noris, DDC, OkCoin and Fenbushi Digital. The studio will cater to new game economies created on the EOSIO blockchain.
Is It the Beginning of a New Era in Gaming?
Mythical Games specializes in building major game IPs, which helps in creating player owned economies in a digital ecosystem. The solutions will initially be focused on the EOSIO blockchain. With its multi-million-dollar funding, the company aims to create their first-to-market plans. They will also co-produce and develop gaming titles, designed for consoles, PC as well as mobile.
The Los Angeles headquartered company is engaged in user-generated content and new player economies. These economies help players in creating closer tie-ups with their developers, brands, content creators and other players in the ecosystem. Their proprietary Mythical platform will be available to top developers who could create player-owned economies. In addition, their solutions will help in creating new ways for customizing game assets and providing ownership of these assets.
What Are Mythical Games’ Plans?
The company was founded by John Linden, former Studio Head at Activision who is now the CEO of the company. Jamie Jackson, his former Activision mate, is now the CCO of the company. Blizzard’s former senior producer, Rudy Koch is the head of blockchain while the former director of global product management at Yahoo, Stephan Cunningham is now the CPO.
All the top execs of the company have years of experience in working for top gaming brands like Skylanders, World of Warcraft, Call of Duty, Guitar Hero Live and Marvel Strike Force amongst others.
Linden commented on the plans of the company, saying:
“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. We believe this new economics will come to dominate gaming, resulting in an even bigger addressable market for the industry.”
Head of principal investments for Galaxy Digital Sam Englebardt said that the EOS VC fund was created to support exceptional founders with a vision to build businesses enhanced by EOSIO. He added:
“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.”