Mythical Games, a Web3 game studio, recently raised $37 million in a Series C1 funding round led by Scytale Digital, with participation from ARK Invest, Animoca Brands, and others. The company focuses on NFT-based games like NFL Rivals and is working on integrating more Web3 elements and educating players about tradable assets.
Search Results for: Mythical Games
Mythical Games Secures $37M Funding: Web3 Gaming’s Future & Legal Battles Unfold
Web3 gaming studio Mythical Games recently raised $37 million in the first part of their Series C extension round, reaching a $1.25 billion valuation. The firm plans to optimize its business model, enhance infrastructure, and launch new games in 2023.
NFL Rivals and the Dawn of Web3 Gaming: A Revolution or an Uncertain Bet?
Web3 game studio, Mythical Games, has launched ‘NFL Rivals’, a new NFL-licensed game equipped with Web3 technology. The game, part of a joint venture with the NFL, allows players to actively participate in the economy. Importantly, Mythical Games, one of the largest blockchains, will depart from Ethereum to launch its own Mythos ecosystem on Polkadot. This change indicates a shift in the gaming economies and digital systems.
NFL Rivals Success: Exploring NFT Integration in Mainstream Gaming and Future Implications
NFL Rivals, a free-to-play game from Mythical Games, stands out with its integration of Non-Fungible Tokens (NFTs) as player cards. Garnering over a million downloads and reaching top spots in app stores, the game successfully introduces users to Web3 and NFT concepts, highlighting the potential of NFT integration in mainstream games and shaping the future of crypto gaming.
Navigating Web3 Opportunities: The Emergence of Blockchain Gaming in Saudi Arabia’s Vision 2030
“Saudi Arabia’s shift from an oil-dependent economy to investing in blockchain gaming and Web3 captures attention. This redraws its economic blueprint under its ambitious Vision 2030 plan. With gaming sector investments on the rise, the kingdom seeks to explore the new internet wave, potentially positioning it as a global gaming hub.”
Exploring the Intersection of Gaming and Blockchain: Potentials, Challenges, and the Quest for a ‘Wow’ Moment
“In the convergence of blockchain and gaming, creating a ‘wow’ moment like ‘EVO Moment 37’ could trigger widespread interest and help crypto games gain a broader audience. Meanwhile, Layer-1 network Aelf is offering grants to studios to create blockchain games on their platform, predicting a substantial growth of the blockchain gaming market. Also driving change are games like Nitro Nation, which cleverly integrate NFTs in gameplay.”
A Rough Patch in the Crypto Realm: The Dip in VC Funding for Web3 Startups and the Rising Hope
Crunchbase reports indicate a 76% drop in funding for Web3 startups from VC funds in Q2 compared to last year. This year’s tally stands at $3.6 billion, a 78% downturn from 2022’s $16 billion. Despite this drop, AI startups continue to attract investors, while certain Web3 initiatives manage to secure impressive funding amidst the downturn.
Ark vs BlackRock: Battle for the First Spot-Bitcoin ETF Approval Heating Up
ARK Investment Management believes it has secured frontrunner status for spot-Bitcoin ETF approval, despite BlackRock leading the race. USDC CEO Jeremy Allaire mentioned well-regulated custody infrastructures, mature spot markets, and effective market surveillance as factors supporting potential approval.
Mixed Crypto Market Trends: Navigating Gains, Losses & Making Informed Decisions
Cryptocurrencies show mixed trends, with BTC and ETH experiencing gains while XRP and DOGE face dips. Investors must navigate the volatile market, considering factors like governmental regulations, expert opinions, and potential long-term growth. Staying informed and diligent can make a difference in investment strategy.