Venture-backed next-generation game technology company, Mythical Games, has raised $37M from a recently concluded funding session. The popular football-themed Web3 game creators expect to raise approximately $20M to $30M before the year runs out. Mythical Games has collaborated with the NFL and the National Football League Players Association to release its newest game, NFL Rivals. Mythical Games has also created other game titles, including “Blankos Block Party,” “Nitro Nation,” and “Epic Speed Wars: Magic Fight.”
The recently completed funding was led by Scytale Digital, a digital asset manager. Other participants include ARK Invest, Animoca Brands, PROOF VC, Stanford Athletics, MoonPay, and Andreessen Horowitz, an existing investor.
Mythical Games’ Recent Achievements
In a statement, the gaming platform has explained that the funds generated would be used to deliver on Mythical’s promise of providing innovation to video games through web3 infrastructure. Mythical Games made $150 million in 2021, with half of the total annual generation invested by the popular VC firm Andreessen Horowitz. After the $150M raise, Mythical Games reached a valuation of $1.25 billion. According to recent findings, the company’s worth exceeds $1 billion.
Mythical Games features player packs, an incorporated set of NFTs that can be bought and traded. The game is currently available on both the Apple Store and Google Play. Mythical Games reportedly reached 1 million downloads, with plans to increase the number of players accessing its games before the end of 2023.
Regarding the company’s projection, John Linden, CEO of Mythical Games, said, “By the end of 2023, we anticipate over 10 million player accounts across our entire game portfolio, driven largely by NFL Rivals and the upcoming release of Nitro Nation World Tour.”
