Mythical Games is the gaming studio responsible for the Mythical Chain, Mythical Marketplace, and popular gaming titles such as NFL Rivals and Blankos Block Party.

Mythical Games, a next-generation gaming studio, has raised $37 million in its Series C1 funding round led by Scytale Digital, with participation from ARK Invest, Animoca Brands, PROOF, Stanford Athletics, MoonPay, and existing investors Andreessen Horowitz, Gaingels, Signum Growth, Struck Capital, and WestCap.

The round is expected to close later this year with an additional $20-30 million raise. The funding will be used to achieve profitability within 12 months and deliver innovation to video games through web3 infrastructure.

Mythical Games has experienced significant growth, attracting over 2.5 million new users and generating over $1 million in daily gross sales. The additional funding will support scaling games and infrastructure for a larger mainstream audience.

CEO John Linden emphasized the company’s focus on producing top games and building a marketplace that involves players and stakeholders in game economies. Mythical Games aims to reach over 20 million player accounts across its game portfolio by the end of 2023.

This funding follows prior raises of $150 million and $75 million in 2021, maintaining the company’s unicorn valuation. Scytale Digital believes Mythical Games is positioned to become the dominant gaming platform in Web3.

Mythical Games leverages blockchain technology and playable NFTs to create a web3 gaming ecosystem, allowing players, creators, and developers to participate in game economies. The company’s Mythical Platform protects gamers new to blockchain and provides a seamless gaming experience.

Scytale Digital is a digital asset manager focused on blockchain solutions, investing in projects across various Web3 ecosystems.

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